SFA calls for more significant reductions in commercial rates

The Small Firms Association says recent decreases in local authority rates are nowhere enough.

SFA Chairperson Ian Martin says the two greatest challenges facing small firms heading into 2011 are  access to finance and the cost of running a business, with commercial rates making up a large proportion of that cost.

All local authorities in Donegal implemented decreases in commercial rates last week,  with Buncrana's rate going down by 2%, the County Council and Letterkenny's rates going down by 3.5%, and Bundoran's rate by 8%.

However, Ian Martin says rates bills will have to come down much further if small businesses are to remain competitive..........