Minister Donohoe welcomes latest SME Credit Demand Survey
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 SME Credit Demand Survey. It covers the period between October 2021 and March 2022. This survey series is currently 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 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.
The survey is conducted biannually and historically for presentation purposes the report uses year-on-year comparisons.
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, October 2021 – March 2022. The survey gives an insight into how SMEs in Ireland are continuing to demonstrate resilience as they adapt to challenges arising from Brexit, the pandemic and most recently from Russia’s invasion of Ukraine.
"The SME Credit Demand Survey series is an invaluable resource that allows us to develop, refine and implement policy measures to support our indigenous businesses and allows the Department of Finance gain an essential understanding of the Irish SME environment.
"Finally, I would like to take this opportunity to thank the SMEs that took part in this survey for their time.”
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 October 2021 – March 2022. Conducted by Behaviour and Attitudes, all interviews were conducted between 16 April and 1 June 2022 and covered the period from October 2021 to March 2022.
The Department of Finance 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. The report and previous reports are available on the Department of Finance website at: SME Credit Demand Surveys
This report contains the results of the Department of Finance SME Credit Demand Survey. All interviews were conducted between 6 April and 1 June 2022 and covered the period from October 2021 to March 2022. Throughout the report, the most recent wave of findings (referred to as March 2022) is compared with corresponding 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 restrictions, no interviewing was possible for the same period in 2020.
A new question was introduced specifically in relation to demand for non-bank finance to reflect a growing market share for this source of finance. In addition, questions on climate change investment, energy costs and plans to invest in energy efficiency were added to this wave.