"As illustrated in these results, the current economic and fiscal environment is extremely challenging for small and micro businesses, from all sectors, across Northern Ireland. The rising cost-of-doing-business is having a severe impact on our local entrepreneurs. Without significant action in the coming weeks and months, businesses will go to the wall. In the absence of an Executive at Stormont, it’s crucial that the UK Government now steps in to protect the backbone of the Northern Irish economy and protect businesses, jobs, and households as we enter 2023. Macro-level events and challenges like the war in Ukraine and the global economic downturn are placing serious pressures on local businesses, combined with local political instability and uncertainty over post-Brexit funding."
All Party Group on Micro and Small Business
Enterprise NI established the first NI Assembly All Party Group (APG) on Micro and Small businesses in 2020 - Present. This active cross-party group has continued to champion the interests of local entrepreneurs and micro and small businesses as they establish and grow.
NI Enterprise Barometer 2023