- 69% of private Irish businesses have seen an improvement in access to credit and bank lending over the past six months
- 44% to increase headcount by at least five staff
- Only 25% feel the Irish tax regime supports private and family owned businesses
- Only 39% of businesses have a succession plan in place
A poll of privately owned Irish businesses by KPMG has found that 81 per cent of companies expect to see an increase in their headcount over the coming twelve months.
The survey of over 200 decision makers in private and family owned business was taken at KPMG’s ‘Growth Agenda for Private Irish Business’ briefing held in Dublin today.
Commenting on the results, Colin O’Brien, Head of Private Irish business at KPMG said: ‘Job creation has a hugely positive multiplier effect on the entire economy. Private and family owned businesses are the bedrock of the Irish economy employing tens of thousands and the survey reflects the positive sentiment about jobs growth.’ O’Brien adds a note of caution however: ‘While the mood is positive, challenges such as high levels of personal taxation and private indebtedness remain. On a brighter note, we welcome initiatives such as the government’s recent announcement to create a level taxation playing field for self-employed entrepreneurs.’
Also speaking at the event, Julie Sinnamon, Chief Executive of Enterprise Ireland said: ‘Our primary objective is to help more Irish companies to transition into companies of scale, like we have seen in the food sector. Starting more businesses isn’t enough. Fast-growing firms deliver a greater number of jobs. Our plan is to work with companies of all sizes, from very early stage start-ups, right through to internationally trading companies, to maximise their international growth potential. We want Ireland to have its own version of the German ‘Mittelstand’ as a key plank of our enterprise policy, leading to greater job creation in Ireland.’
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