The main IEA survey finding was that 28% of exporters were experiencing difficulties in obtaining trade finance for their business.
The scheme was ratified back in April but has still not been set up with the two banks that are authorised to operate the scheme, Bank of Ireland and Allied Irish Bank. When started the scheme is geared to offer €450 million over 3 years to 1,800 small medium sized businesses. You can see how important this scheme is for the 28% of Irish SME’s.
As a member of the Irish Exporters Association, exportise sees the effects on Irish SME’s by not having this scheme up and running.The pressure is on the government to get the credit scheme rolling.
For the full report visit IEA at www.irishexporters.ie