Credit Review Office: 12th Quarterly Report

Chambers Ireland has today (26/09/2013) welcomed the release of the 12th Quarterly Report from the Credit Review Office (CRO). In particular, we note the increased awareness of the scheme among SMEs and their effective use of the process. 
Speaking this morning, Ian Talbot, Chambers Ireland Chief Executive, said “Given the tentative signs of recovery in the economy, now is the time for strong Government action to encourage and facilitate further growth. In this context, Budget 2014 will be crucial.” 
“Chambers Ireland is calling on the Government to do no harm in Budget 2014. There must be resolute focus on initiatives to improve the flow of working capital.”
“Furthermore, we note that 35-40% of all SMEs are not covered by the process. We call on Government to legislate to bring all relevant parties, not just the pillar banks, within its remit,” he concluded.