Small and Medium Enterprises
Dail Éireann — 2026-02-19
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Rose Conway-Walsh (SF), Mayo

Go raibh maith agat, Minister, for that update. The important thing is that it makes a difference on the ground and makes a difference to businesses because the situation facing SMEs with regard to costs is increasingly more unsustainable. We saw 848 insolvencies last year. I fear for what the number will be in 2026. At the end of 2025, 80% of businesses from across all sectors that participated in the SME business sentiment survey by Chartered Accountants Ireland and GRID Finance reported an increase in their costs, with a special mention for energy costs. It was reported yesterday that Irish business confidence has fallen to just 54%. This is the lowest level since the Covid-19 pandemic, and it is down sharply from 81% at the beginning of the year. In contrast, 74% of SMEs globally remain optimistic about the year ahead with only a slight year-on-year decline, so there is something we need to focus on here.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-02-19/debate/main
Retrieved: 2026-08-14T04:54:40+00:00
Sitting date: 2026-02-19