Belfast Telegraph

Half of Irish small firms impacted by Brexit vote

By Philip Ryan

More than half of small businesses in Ireland have already been negatively impacted by the UK's decision to leave the European Union, a new survey has revealed.

The same survey shows that just 16% of small and medium size enterprises (SMEs) have written formal contingency plans to prepare for the outcome of Brexit.

Both importers and exporters, especially those in the food industry, reported high levels of impact from the British referendum result.

Medium-sized companies are better prepared for Brexit than smaller businesses but there are still significantly low levels of contingency planning among all firms.

The latest survey results are contained in a poll commissioned for the Republic's Minister for Business Heather Humphreys, in preparation for the introduction of new measures to help businesses which are struggling in the aftermath of the Brexit vote.

The survey carried out by Behaviour & Attitudes asked businesses how they are responding to Brexit and what financial supports they need in order to lessen the impact.

Belfast Telegraph

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