The Business Lending Blog

Irish SMEs to start hiring in 2016

Posted on

It’s looking like 2016 will be the year when Irish SMEs really start hiring again in large numbers.

Director of the Small Firms Association (SFA), Patricia Callan, has indicated that their research shows that 80% of business owners are expecting a significant upturn in the forecasts for 2016 from previous years. She says, “2015 was a significant year in terms of the broadening and deepening of the economic recovery. ”

According to a recent survey, the SFA has stated that 65% of their members have indicated their intention to expand their workforce in 2016. A figure of 30,000 new jobs has been suggested.

A report from the Irish Small and Medium-Sized Enterprises Association (ISME) has predicated even better things for 2016 however. They believe the number of new jobs created in 2016 will be closer to 60,000. This is dependent on a reduction in certain costs of doing business. ISME chief executive Mark Fielding would like to see reductions in rents, insurance, energy and legal costs, which he says have all crept up in the last couple of years.

If you need a loan to help grow your workforce, talk to Linked Finance today…


Topics: , ,