Ireland Amongst Europe’s Best Countries for SMEs

Gerard Adlum

Posted by on 2nd February 2016

Ireland is one of Europe’s best places to be an owner of a SME. That’s according to Ireland’s Small Business Act (SBA) Factsheet for 2015, released by the European Commission. 

SMEs currently account for 99.7 % of all enterprises in Ireland, employing more than 70% of the private sector.

This follows on from last year’s Global Entrepreneurship Development Index which saw Ireland’s Global Entrepreneurship ranking rise from 17th to 12th and our overall ranking in the EU to 7th.

But the Small Business Act (SBA) Factsheet for 2015 also warned that access to finance was still a problem, despite improvements in recent years, and recommended the introduction of a systematic “think small first” policy.

The report was welcomed by Minister for Business and Employment Gerald Nash.

“But, we won’t be resting on our laurels ,” he said. “We are already examining the areas where the commission have suggested we need to do more work, such as access to finance and prompt payment and procurement.”

The report follows the publication last week of the Global Entrepreneurship Development Index, in Ireland’s global ranking rose to 12th from 17th, and the country now stands at seventh place among EU countries.

 If you’re a small business owner looking for finance talk to Linked Finance today about how we can help.




Business Loans but Different

A Better Way to Borrow for Your Business

Linked Finance connects great local businesses who need loans with thousands of individual lenders. This is about using technology to bring business lending back to basics; real people with savings lending to great local businesses at attractive interest rates. Businesses get the funds they need to grow, lenders make a fair return. Everybody wins!

If you need a loan to grow your business, talk to Linked Finance

  • You get a same-day credit decision.
  • You can borrow up to €300K.
  • No early repayment penalties.
  • A friendly, no-hassle approach.
  • Promote your business.
  • Win new customers as part of the process.


Subscribe to Email Updates

From time to time, we would like to contact you about our products and services, as well as with other content that may be of interest to you.

In order to proceed and to provide you with the information or services requested, we need to store and process the data you supply.

For more information on our privacy practices please review our Privacy Policy.

Recent Posts

Posts by Topic