Credit Crunch Survey

Thank you everyone who took the time to respond to our survey. Dublin City Enterprise Board had the highest response rate. Results...

The City and County Enterprise Boards conducted an online Credit Crunch Survey of 990 clients and contacts during November/December and the key findings were:

• 54% said that their business activity was being curtailed at present due to bank credit issues
• 52% said that the banking situation was having a serious or very serious effect on their business
• 31% said that their business was at risk of closure
• 20% had already let staff go and a further
• 39% intend to reduce staff particularly in the next 6 months
• 74% said debtor days had increased putting pressure on cashflow

The (7 page Report) to download.

We are hoping that we can use this information to help you, our clients and respond to your needs. The stimulus package put forward by the City and County Enterprise Boards is a response to the growing crisis. It proposes a new suite of financial incentives. If it is approved by government we will announce details.

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