Rebooting The Economy – Your Opportunity to have a say!

Rebooting The Economy – Your Opportunity to have a say!

The 3rd Chambers Ireland survey has just been launched.

Ballina Chamber and all the Mayo Chambers network are asking ALL businesses across all sectors in Co Mayo to complete this survey:

The third in a series, the survey seeks to quantify the economic impact COVID-19 is having on businesses around the country and looks at the supports that will be needed to reboot the economy.

This survey is targeted at businesses who are members of their local chambers of commerce and those that are not. With it, we seek to chart out the effects of the Covid-19 restrictions on the Irish Business community, and through creating an evidence base, assist policy makers and business owners guide our economy through the Covid-19 challenges.

Our last survey, which was published on the 9 April, with over 1110 responses, found 84% of businesses expect revenue to decline by in excess of 25% in the next three months, up from 73% two weeks earlier. 25% of those who responded expect revenue to collapse by more than 90%, with one in five businesses laying off all staff. For those who have closed their operations entirely, most expect to remain closed for at least 12 weeks. Fears about cashflow and liquidity were the greatest concerns of micro-enterprises (<10 employees) with closures and staffing being a concern for larger businesses across many sectors.

With lockdown measures due to expire on the 5th May, Chambers Ireland seeks to start a conversation with businesses on how local economies can be supported and in turn re-open. If your business has been affected by Covid-19 please let us know your experiences here: Chambers Ireland Covid-19 Business Community Survey.

As we now look forward in preperation for a time that our businesses can open the doors to their customers, this survey focuses on the issues around the Temporary Wage Subsidy Scheme, the costs that are accruing to business as a result of the crisis, and challenges that businesses will face reopening after the lock down. What is currently working and what is not, and when our businesses emerge from the current hibernation state, we want our economy to remain robust, so that it is capable of defrosting and rebooting.

Gerry Luskin, President of Ballina Chamber states; “We ask you to consider your answers carefully as this will directly feed into discussions with Government on the stimulus package required to reboot the economy.
We assure you, your contribution will make a difference to the future of your business, how we do business in the county and across the west of Ireland.”

Use this oportunity to support your business sector and the business community across the county by completing the Business Community Survey.
Chambers Ireland Covid-19 Business Community Survey.

Further information on the survey contact Ballina Chamber of Commece 096 72800.

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