The Small Firms Association (SFA) has welcomed the commitment in the Programme for Government to establish a 'Small Business Unit' in the Department of Enterprise, as well as a new 'Cost of Business Advisory Forum'.
The SFA said it is also encouraged that the Government plans to bring forward measures to support SMEs which entail changes to VAT, PRSI and other measures.
In particular, the SFA had sought relief on PRSI for the most impacted businesses in its election manifesto.
"Our election manifesto called for a roadmap for developing the small business community and the Government's commitment to Publish Enterprise 2035, a long-term ambition for enterprise growth and job creation over the coming decade, is a welcome step," said David Broderick, SFA Director.
"The commitment to establish a Small Business Unit in the Department of Enterprise chimes with the SFA’s call to put the interests of the small businesses at the heart of Government.
"The proposed establishment of a Cost of Business Advisory Group and promised measures to changes to PRSI and VAT is another positive development. The SFA looks forward to engaging with the new Government in the months and years ahead to secure the viability of the small business community," he added.
According to the SFA, rising business costs is the main concern for small businesses across the country.
Last year, the SFA, in partnership with Amárach, published a survey on business costs.
Almost 500 businesses nationwide were interviewed which found that 83% of small businesses have experienced rising costs in the past 12 months.
The research also showed an estimated increase of 16.6% in average business costs during that time.
57% of businesses say that labour costs have contributed to rising costs.
