SME Financial Health Index
The SME Advisor Survey’s Financial Health Index provides us with a way to measure the sentiment of business finance among the SME population in Ireland. This is calculated using values from key questions within the survey that produce a value between 1to10. The sentiment for 2022 measured at an overall level of 4.7, indicating the financial health of the SME market is just below a moderately acceptable position. This is a small decrease from the 2020 value of 4.9. However, our survey also shows that in 2022 micro firms found the overall financing market the most challenging with an index value of 4.3.
The importance of adequate funding is crucial for business growth. As economies develop and the impact of inflation and rising prices becomes a major challenge for SMEs, the SBCI supports SMEs and small mid-caps to grow, prosper, and innovate. The full report which provides insights into additional key topics is available to download here.