A talk on the pr

3. CURRENT ISSUES IN FUNDING
Stephen Kinsella | KBS

4. CENTRAL POINTS:
1.Access to credit is not the only problem SMEs
have.
2.Learning to thrive in a low-demand, low credit
environment is key.
3.Policy should be redirected towards these
initiatives. Chip shops just as good as nano-bio-
watsits from an unemployment perspective.

5. CONTEXT: WE ARE NOT
SPECIAL. GDP COLLAPSES
POST CRISIS

6. Maria Woods and Siobhán O’Connell Ireland’s Financial Crisis: A Comparative Context Central
Bank of Ireland Quarterly Bulletin 04 / October 12

8. 15
EU Ireland
11
8
4
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Ireland and EU: Unemployment rates, 2002-2012

9. LOGIC OF SME FOCUS
40,000
Final Domestic Demand, €m
30,000
20,000
10,000
0
1
1
1
1
1
1
1
1
1
Q
Q
Q
Q
Q
Q
Q
Q
Q
04
05
06
07
08
09
10
11
12
20
20
20
20
20
20
20
20
20

10. % CHANGE IN SME LENDING

11. SMES ARE STARVED OF CREDIT
McIndoe-Calder and Quinn 2012 found that Irish firms
were only second after Greece in experiencing loan
rejections and fear of loan rejections leading to lower
applications.
Implies role of confidence as well as communication in
SME credit provision.
Big Q: How much money are we talking about?
Approximately €100 million per annum

12. WAGES BY FIRM SIZE AND NATIONALITY, €000
Manufacturing Services
Irish Foreign Irish Foreign
Micro 35 42 30 65
Small 36 51 32 62
Medium 41 52 31 56
Large 48 63 36 41
Source: Census of Industrial Production, (2009)

13. WAGES BY FIRM SIZE AND NATIONALITY, €000
Manufacturing Services
Irish Foreign Irish Foreign
Micro 35 42 30 65
Small 36 51 32 62
Medium 41 52 31 56
Large 48 63 36 41
Source: Census of Industrial Production, (2009)

14. AN OLD SCHOOL IDEA