Call for change in new business regristrations
President of Wexford Chamber Karl Fitzpatrick has called for the responsibility of new business registrations in Ireland to be transferred to the Local Enterprise Office Network.
Mr Fitzpatrick believes that this move would enable business owners to access information about available supports at the point of registration, which could significantly decrease the 50 per cent failure rate for start-up businesses in Ireland.
The Local Enterprise Office network currently provides a wide range of services and assistance to start up businesses in respect of grant aid, feasibility studies, business training and mentoring, however, the newly-elected President, understands that many entrepreneurs are not aware of the valuable support that can be provided by their Local Enterprise Office.
Mr Fitzpatrick said that the Local Enterprise Office network is currently under-funded, with many offices reaching their budget limit by the end of quarter three.
He said that if the government is serious about supporting and developing the SME sector in Ireland adequate funding allocations for the Local Enterprise Office network need to be provided as a matter of priority.