Up to 80% of businesses in some Clare villages are among those most exposed to the worst effects of the pandemic.
A new report from Ireland’s Regional Assemblies has identified that a large portion of businesses in parts of this county are trading in the most vulnerable sectors.
2,500 Clare businesses are trading in the sectors likely to suffer most because of the public health emergency, according to the report published by Ireland’s Regional Assemblies.
These include retailers who are not identified as providing essential services, accommodation and food services, childcare facilities, hairdressers and beauty parlours.
51% of businesses in Newmarket on Fergus are among the most exposed – the highest rate of any town examined here.
However, the author of the report says that in some of Clare’s towns and villages, which are heavily dependent on tourism, up to 80% of traders are among that cohort.
Economist with Regional Assemblies, John Daly, says it makes for stark reading.
The purpose of the report is to provide information to policymakers at local, regional and national level to assist them to deliver targetted regional support during the economic recovery process.
It warns that in the long term, economic stimulus will be needed to re-boot the Irish economy, particularly in the hardest-hit areas.
On the other hand, Shannon is considered to be the least exposed town in Ireland, but even there, nearly a third of businesses are among those most at risk.
Recently-appointed Shannon Chamber President Stephen Keogh believes the findings of the report are stark but unsurprising and agrees continued State supports for companies will be vital.
Michael Glynn, Clare FM, first for local news.