Nearly half of all small businesses in Northern Ireland could go to the wall if proper government support is not put in place quickly.
That is the main finding of a wide-ranging survey from Enterprise Northern Ireland which surveyed more than 600 so-called micro and small businesses within its network. A total of 47% of respondents to the NI Enterprise Barometer said they won’t survive the next 12 months without the right support in place while 95% said their utility bills have soared throughout 2022.
Worryingly, one in 10 businesses have reported severe cash flow pressures, compared to just 3% at the start of the year.
