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Getting growth finance going is critical for our economic recovery - CBI
The leading business organisation, CBI Northern Ireland, recently published a report on the availability of finance to Northern Ireland businesses. The availability of credit is identified as an issue of increasing concern and one of the most significant challenges facing the Executive as it seeks to create 25,000 jobs over the life of the current Assembly.
The CBI Northern Ireland Chairman, Mr Ian Coulter, said: "The provision of appropriate volumes and types of finance is essential to supporting the economic recovery. The report identifies some of the most immediate issues and some practical steps to mitigate the impact of the likely short and medium-term liquidity issues that our economy faces.
"We must also create a stronger funding eco-system for the future. While there is an ongoing debate about the causes of the financial gap the reality is that funding conditions have changed dramatically and our banks, our businesses, and our Executive need to work together better."
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