Credit Demand Survey shows significant recovery in overall SME performance compared to 2020
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
The Department of Finance has today published the latest in its series on SME Credit Demand Surveys which covers the period April – September 2021. This survey series is currently being conducted by Behaviour and Attitudes, on behalf of the Department of Finance. It is the most comprehensive survey of SME Credit Demand in Ireland, covering over 1,500 respondents through in-depth discussions. The survey ensures that it captures a full picture of the SME landscape in Ireland, with micro enterprises, small-sized enterprises and medium-sized enterprises accurately represented as per the percentage make-up of SMEs in Ireland.
While the survey is conducted biannually, for presentation purposes, the report uses year-on-year comparisons. Due to COVID-19 impacts only one survey was conducted in 2020, covering the period March to October.
Key results include:
On the publication of the SME Credit Demand Survey, Minister for Finance Paschal Donohoe stated:
“I welcome the results of the latest SME Credit Demand Survey, April – September 2021, which gives us important insights into the continued impact that COVID-19 restrictions had on Irish SMEs through 2021, while also allowing us to perceive the significant recovery in overall SME performance compared to 2020.
"One of Government’s main concerns is to ensure that SMEs continue to have access to sufficient liquidity, and that access to credit for SMEs is maintained and I particularly welcome the high level of awareness among SMEs of the government supports available to them.
"I would like to take this opportunity to sincerely thank all those SMEs that took part in this survey. The SME Credit Demand Survey series allows us to gain critical understanding of the Irish SME landscape which allows us to develop, refine and implement policy measures to support our home-grown businesses.”
SME Credit Demand Survey April - September 2021
The SME Credit Demand Survey has been conducted biannually since 2011 to monitor trends in access to credit by SMEs. Please note while the survey is conducted on a 6 monthly basis, for presentation purposes, the report uses year-on-year comparisons.
The report published today presents the results from the SME Credit Demand Survey April – September 2021. Conducted by Behaviour and Attitudes, all interviews took place between 18 October and 29 November 2021.
The department has conducted the SME Credit Demand Survey in order to have an independent and statistically significant report into the Irish SME landscape and the availability of, and demand for, credit that exists for SMEs. The survey was conducted through a telephone survey covering over 1,500 businesses. It drew a carefully constructed sample from a large database of SMEs, made repeated calls to ensure a full response and asked factual questions. The full questionnaire is included in the report. See the report and previous reports.
The following is the summary of results from the SME Credit Demand Survey April – September 2021. Throughout the report, the most recent wave of findings is compared with corresponding waves from previous September survey waves. This ensures that historical comparisons are being made on a like-for-like basis, taking any seasonal issues into account. Please note that due to COVID-19 impacts only one survey was conducted in 2020, which covered the period March – October, and this is used as the 2020 comparison.