Number of businesses who believe they can keep trading for more than 9 months has increased from 20% in April to 58% in November

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ISME release the results of our fifth flash survey on COVID-19.The survey found that 68% of respondents are availing of the TWSS or EWSS, making wages supports by far the largest liquidity solution availed of by business. Just 16% of those surveyed are availing of the Covid Restrictions Support Scheme. While some 25% of respondents were availing of the pandemic unemployment payment (PUP) as a self-employed person, up from 21% in September.

  • 35% of businesses have availed of a Restart Grant, a significant improvement on the 4% who had applied in September
  • 5.62% of businesses have availed of the SBCI working capital scheme, up from 4%
  • Only 3% have availed of a MicroFinance Ireland loan
  • 3% have availed of the Credit Guarantee Scheme, an improvement on the 0.4% reported in September.

On a positive note, as you will see below, the number of respondents who believe their business will cease trading has dropped from 5% in April to less than 1% in November. The number who believe they can keep trading for more than 9 months has increased from 20% in April to 58% in November – full data in here.

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