Majority Of Clare Companies Expect To Lose Half Of Their Business This Year

A new survey of Clare businesses has revealed the true extent of the impact of COVID-19 on local firms.

Nearly 60% of respondents say they expect to lose over half of their business this year, while the majority also said their banks and insurance companies have not been co-operative.

The Ennis Chamber survey, in association with Clare FM, also found a clear preference for pedestrianising Ennis Town Centre in order to accommodate physical distancing going forward.

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Businesses from over 20 towns and villages took part in this survey, representing a wide variety of companies.

80% of respondents are not currently trading, and 70% of those have laid off workers.

93% say their cash flow has been affected, while 43% say it’s affected their mental well being.

That worry looks set to continue, in the eyes of most, as nearly 60% say they’ll lose over half of their business this year.

More than have have staff on the government’s temporary wage subsidy scheme, and the vast majority say that needs to continue, with most saying it’ll be needed for six months.

In terms of other supports, nearly a quarter of those who took part say they’ll need at least 50 thousand euro to help reboot their business, but some say they’ll need even more again.

Tax and rates reliefs, a reduction in water and insurance costs and incentives for airlines and ferry companies to come to Ireland are all suggested as measures which can help, while the survey also identifies a need to banking and insurance sectors to do more.

Less than a quarter said their insurance companies have been co-operative.

In one of the most noteworthy parts of the survey, 70% of those who took part said at least part of Ennis Town Centre needs to be pedestrianised to accommodated physical distancing, but if that happens, there is an overwhelming call for Clare County Council to implement free parking and to facilitate deliveries.