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RIAI supports National Recovery Plan for Small Business Sector
The RIAI is supporting a national recovery plan for the small business sector and RIAI CEO Kathryn Meghen is on the Steering Group.
The small business sector has and will continue to be disproportionately affected by the COVID-19 crisis. Small businesses provide the majority of employment in Ireland and are critical to our social fabric. Small businesses were under-capitalised before the crisis and so lack the financial resilience to survive the force majeure crisis they are facing. Every small business owner needs hope and a government plan to help them restart their businesses.
The recovery plan is a dynamic plan that allows us to continue to identify policies and interventions that will help a broad population of SME’s. The plan focuses on the key policy interventions that are required to stabilise and recapitalise the small business sector so that employment and economic activity can be restored. The initiative is chaired by John Moran, former secretary general of the Department of Finance.