Minister Donohoe welcomes results of the latest SME Credit Demand Survey
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Survey shows Irish SME environment remains favourable
The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, has today (Sunday) welcomed SME Credit Demand Survey – April 2018 – September 2018 the Department of Finance’s publication of the latest in its series on SME Credit Demand Surveys, which covers the six month period April – September 2018.
This survey series is currently conducted by Fitzpatrick Associates in conjunction with 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 Department has conducted the SME Credit Demand Survey biannually since 2011 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.
Some of the Survey’s key findings include:
On the publication of the SME Credit Demand Survey Minister Donohoe said:
"I welcome the results of the latest SME Credit Demand Survey, which shows that though credit demand is low, the number of SMEs reporting a profit has again increased, for the seventh year in a row. It is also more than timely that levels of female participation were captured. The survey has shown that while 51% of SME owners/part owners in Ireland are female, this decreases to 29% for female management of SMEs.
"I would like to take this opportunity to sincerely thank all those businesses that took part in this survey. The SME Credit Demand Survey series is a valuable resource that allows us deepen our understanding of how to support our indigenous businesses, which are the backbone of our economy."
ENDS
Background of Report
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 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.