Chambers Ireland responds to Government’s SME support measures

by Rose Barrett
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Speaking on May 15, after the Government agreed a range of measures to reduce costs for businesses, Chambers Ireland’s Chief Executive, Ian Talbot, said:

“The interventions announced today will be welcomed by businesses across the country. Chambers Ireland have been calling for the Government to address rising costs and the increased regulatory burden of new employment legislation that has been phased in over recent months and years.

Protecting and promoting small and medium indigenous businesses is crucial, as they form the backbone of the Irish economy, offering employment, delivering essential products and services, and representing the heart of communities right across the country.  They have faced many challenges over the past number of years, including the impacts of Brexit, Covid and inflation. For businesses that have overcome these hurdles, we need to ensure their growth and prosperity into the future. Our network has consistently called for meaningful implementation of the “SME test” and the renewed emphasis on this must be delivered in practice.

The double payment of the Increased Cost of Business grant for businesses in the retail and hospitality sectors is particularly welcome as these sectors have been hardest hit by rising costs and squeezed by tightening margins. The proposal to review the employer PRSI threshold is also a positive initiative. A variety of increased or adapted grant schemes is also welcome and will assist companies in their digital and green transitions.

Overall, we commend the Government for hearing the concerns of businesses and taking action. We look forward to further measures to support the competitiveness of our businesses in Budget 2025.

Finally, we urge businesses throughout the country to familiarise themselves with the new package of benefits and apply for any for which they are eligible.”

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