Small and medium enterprises (SMEs) across the country are dying and need a €15 billion bailout, the chairman of SME Recovery Ireland has argued. John Moran told the Oireachtas Covid-19 committee yesterday the sector required an immediate cash injection of €6 billion to survive the impact of the pandemic. He said existing support schemes must be restructured to provide grant aid and not debt. “Saving and investing in SMEs is an investment to save jobs. It should be used to modernise our SMEs and create new well-paid 21st century jobs in our indigenous sector.

Source: The Irish Times July 01, 2020 00:00 UTC