Finding new business the biggest concern for firms
Two in five Irish firms say generating new business in the current climate is their main concern this year. Meanwhile, for 30pc of firms managing a remote workforce will be their main challenge this year, as hundreds of thousands of employees continue to work from home due to Covid-19 restrictions. This is according to a survey of more than 250 businesses from the Association of [...]
‘Summary rescue’ will let small firms cut debt if majority of creditors agree
Small firms facing insolvency will be able to cut debt with support from a simple majority of creditors without the costs of a High Court examinership, under plans being drawn up by government. The Department of Business, Enterprise and Innovation is today launching a public consultation on a proposed major reform of the examinership process for small businesses. It is looking to create a stand-alone [...]
January sees over 600 IDA-backed jobs announced
Companies backed by IDA Ireland have announced that they will create 620 jobs so far this year. The latest jobs were announced by Alter Domus, which provides solutions for the alternative investment industry. The company is creating 100 new jobs at its Centre of Excellence in Cork. Other IDA Ireland-supported businesses to announce new jobs in Ireland this month include Personio, which is creating 140 [...]
Start-up activity resilience shows there is life after Covid shock
Start-up activity has remained resilient through the Covid-19 downturn despite a poor second-quarter, according to figures compiled by credit risk analyst CRIFVision-net. New company registrations fell just 4pc in 2020, to the lowest level since 2016. Nearly 22,000 companies registered for the first time last year, compared to slightly more than 21,000 in 2016. Start-ups hit a low point in April, when the economic impact [...]
Business loans grow for first time since Covid crunch
Lending to businesses grew in November for the first time since the pandemic started, according to new data from the Central Bank. The volume of new loans non-financial companies crept into positive territory following a sharp bounce in economic growth in the third quarter, with large loans accounting for the bulk of lending. However, interest rates charged to Irish businesses were still more than two [...]
Dogpatch confirmed as winner of €17m contract to run NDRC
A consortium led by Dogpatch Labs has been confirmed as the winner of a €17 million five-year contract to manage start-up accelerator programmes on behalf of the State. A network of innovations hubs led by Dogpatch and also including regional partners Portershed Galway, Republic of Work Cork and RDI Hub Kerry, will manage the NDRC (National Digital Research Centre), a Government initiative to invest in [...]