SME Financing in Economic Recovery


Authors: Conor O'Toole , Martina Lawless , Derek Lambert

Research Areas: Macroeconomics

Abstract:
SME Financing in Economic Recovery: Access to finance for investment and working capital for SMEs is vital to sustaining and fostering economic recovery. This research programme, financed by the Department of Finance, evaluates the credit and funding requirements for SMEs in recovery and provides scenarios for potential credit growth across sectors. This will be complemented by international research reviewing the determinants of recoveries following credit booms. In addition, and with a view to developing a more diversified range of non-bank financing sources for SMES the research programme provides evidence on the use of non-bank debt and equity financing in Ireland. The research will feed into a review of policy which attempts to provide insight for policy makers in designing effective interventions in the Irish credit market.

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