OUTLOOK POSITIVE FOR MONAGHAN SMALL FIRMS IN 2015

10 January 2015 No Comments by The Northern Standard

There is a strong, positive outlook for small firms in Co Monaghan and Ireland as a whole in 2015, according to the Small Firms Association.

Companies surveyed by the Association said that investment in brand development, staff and IT will be key priorities in the year ahead – and they believe that strong growth will be safeguarded if tax is reduced and access to finance and markets improved.

The Small Firms Outlook for 2015 shows that 66% of businesses are growing, 28% are maintaining their business at stable levels and just 6% state that they are seeing a decline in business. 867 members responded to the survey out of a sample of 2,500 SFA member companies.

SFA Director Patricia Callan welcomed the results, stating: “We predict that 2015 will see strong growth remain in the economy in the order of 4-5% GDP growth. 2014 saw the initial green shoots from the cities spread gradually through all regions and towns throughout the country. Broad-based regional economic growth must be a priority focus for 2015.”

The survey respondents predict strong investment levels in their businesses in 2015, with 72% saying that they will invest in their business in the next …

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