Accessing Financial Supports for your Family Business

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DCU National Centre for Family Business

15 episodes

4 days ago

The National Centre for Family Business at DCU is a leading international family business research centre. By translating world-class research into best practice insights, we empower family firms to embrace contemporary challenges and achieve continuity across generations. Family businesses across Ireland face significant challenges due to recent economic shocks, Brexit and more recently Covid-19. These challenges and uncertainties in conjunction with the lack of diversity are negatively impacting family businesses. NCFB is supported by AIB Bank.

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Accessing Financial Supports for your Family Business

DCU National Centre for Family Business

1 hour 6 minutes 2 seconds

3 years ago

Accessing Financial Supports for your Family Business

Dr. Eric Clinton, Director, NCFB is joined by

Thomas Kerrigan, Managing Director, Niall Kerrigan & Sons Ltd.,

John Madigan, Head of Marketing, Research, Finance and Operations Strategic Banking Corporation of Ireland (SBCI)

Lorraine Greene, is the Head of SME Market Engagement at AIB Bank.

"Surviving a Crisis as a Family Business" marked the first all-island study of family-run businesses in the Republic of Ireland and Northern Ireland. The study, a cross-border collaboration between Dublin City University and Ulster University, followed the progress of family businesses from the onset of the Covid-19 crisis in mid-March 2020 until November 2020. Data was collected across this seven-month period with input from 251 family business owners, managers, and employees. A robust best-practice research design was implemented, resulting in evidence-based findings that are generalisable to the Irish family business population. Family businesses are the backbone of the Irish economy, accounting for 64% of all businesses and employing two-thirds of the domestic workforce. Similarly, 74% percent of businesses in Northern Ireland are family-run affairs. This all-Ireland study establishes the factual basis of the current global health pandemic and the extent to which it has disrupted the lives of those in our local communities, small businesses, workforces, and domestic economies. Beyond its economic impact, this crisis has transformed the ways in which we work, how business is conducted, and our relationships with one another, as we experience extended periods of restricted movement, isolation, and business closure. This practitioner report is centred around action-oriented, best practice recommendations for Irish business owners and leaders across each of the key themes identified. This practical tool will be a vital resource for business owners for years to come, as they continue to navigate the global health pandemic, Brexit, and the ongoing economic crisis.

This podcast was produced in association with the National Forum for the Enhancement of Teaching and Learning in Higher Education.

This podcast was produced and directed by Stephen Bergin, SB Video Base Ltd.

DCU National Centre for Family Business is proudly supported by our partner AIB Bank.