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Businesses tell Minister they’re stymied by limited access to bank cash services

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Galway retailers with Junior Minister Ged Nash, Deputy Derek Nolan and Cllr Neil McNeilis in the Meyrick Hotel recently to discuss the challenges facing the retail sector in the city.

Galway businesses and retailers are being hamstrung by an increasingly limited cash services in banks.

That’s what they told the Junior Minister with responsibility for Business and Employment, Ged Nash, at a meeting in the city’s Meyrick Hotel last week.

The issue was one of a number of matters discussed at a round table meeting of Galway retailers, which was also attended by Galway West Deputy Derek Nolan and Cllr Neil McNeilis.

Afterwards Deputy Nolan acknowledged that this was a growing problem.

“Many small businesses in Galway rely on small cash transactions to keep their business alive and afloat. Pubs, cafes, hairdressers and newsagents, among many others, all deal in cash on a regular basis,” he said.

“When these businesses go to the banks in Galway, they are often discouraged from using the services as dealing in cash in no longer favourable and banks seem to prefer online options being used. However, many businesses simply do not have a choice but to deal in cash.

“One of the main banks in the city – Bank of Ireland – only accepts cash two days a week. This means that many businesses are left with large amounts of cash in their premises which poses a serious security risk.

“Furthermore, there is a six per cent charge on all cash lodgements which is quite a significant amount of money being taken off small business owners every time they make a lodgement, be it after a weekend’s business or after a particularly busy day,” he added.

The Labour Deputy acknowledged that small businesses and sole traders were the lifeblood of the local economy.

“It is absolutely essential they are supported by the government both in an overall sense and in their day to day trading. I do not think it is a very big ask to expect banks to provide a cash service on a daily basis.

“During the very constructive meeting with the retailers in Galway, Minister Nash committed to raising the issue at the next Retail Consultation Forum and with the Advisory Group on Small Business.

“Furthermore, I intend raising it with the Minister for Finance and with the banks directly,” he concluded.

Meanwhile Galway Chamber has welcomed the news that small businesses can now apply for a loan from Microfinance Ireland even if they have not been previously refused by a bank.

“Microfinance Ireland has always had the potential to be a great alternative source of funding for small business and start-ups but has been hampered by the requirement that an applicant business must have been refused finance by a bank before it is eligible for MFI finance,” said Galway Chamber President Frank Green.

“The removal of this requirement will open the scheme up and allow a greater number of innovative businesses access to credit and create jobs in our economy.

“For those companies that have been refused bank funding, the new automatic referral system from banks to MFI will also streamline the application process and generate greater awareness of the scheme amongst start-ups,” he said.

 

Connacht Tribune

Wild Atlantic Way creates template for sustainable coastal tourism in Europe

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The spectacular Poll na bPheist on Inis Mór – one of the many unique attractions on the Wild Atlantic Way.

The success of the Wild Atlantic Way will be used as a template for other European regions to look at their potential to capitalise on sustainable coastal tourism.

The west’s success story has been used as a research model to establish best practice for the development of marine and coastal tourism trails in the EU – without having a detrimental effect on local communities or the environment.

The research – which was driven by a team at NUIG with input from the Northern & Western Regional Assembly – forms part of the Moses Project which aims to further the EU’s Blue Growth strategy in five focus maritime areas with the potential to accelerate learning across Europe.

The five maritime areas are aquaculture, marine and coastal tourism, offshore renewable energy, ports and fisheries.

Blue Growth is defined as growth that does not interfere with the marine environment’s long-term ability to continue to deliver ecosystem services.

The Moses Project, which is concluding this year, has eight partners in five countries, comprising a mixture of research centres/universities, regional government and a public body representing marine-based activities.

The project is funded through the innovative EU INTERREG Programme called Atlantic Area.

The research on the 2,500 km Wild Atlantic Way was carried out between 2018 and 2020 by a project team in the Socio-Economic Marine Research Unit (SEMRU) based at NUIG, following a brief review of the marine and coastal tourism management regime in Ireland.

The Northern & Western Regional Assembly (NWRA) was also a partner in the two-year project.

For more, read this week’s Connacht Tribune.

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Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

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Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

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The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

Roadshow’s nationwide brainstorm

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The Creating Our Future Roadshow on its stopover in Galway city.

Galwegians were offered the chance to play a part in creating a better future for Ireland – by participating in a nationwide brainstorming session last week.

The Creating Our Future Roadshow is midway through its mission to visit every county in Ireland in a month – having started out on September 24 in Wicklow and running until October 26.

It’s a government-led national brainstorm that will involve the people of Ireland in a conversation on the role research can and should play in addressing opportunities, challenges and hopes for the future.

Creating Our Future, according to Minister Simon Harris, will ensure that the direction of research in Ireland is informed by the people it serves.

The organisers are asking people to submit their ideas about what researchers in Ireland should explore to create a better future through the dedicated online portal www.creatingourfuture.ie, which is open until November 30.

The Roadshow is also pulling up in towns across the country to encourage the public to engage in a conversation with researchers over a cup of coffee – and to submit an idea about an opportunity or challenge in their lives, community, Ireland or the world; or something they are curious or passionate about and would like researchers to explore.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

Deputies outline blueprint for sustained regional recovery

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Pictured: Ministers Michael McGrath and Paschal Donohoe meet with members of the Regional Group of Independent TDs - including local Deputies Sean Canney, Noel Grealish and Denis Naughten.

A group of independent TDs has called on the Government to prioritise spending on rural Ireland – to regenerate regional towns and villages, increase supports to farmers and community initiatives, and the support local business.

The Regional Group of Independent TDs used their Pre-Budget Submission to highlight the ‘critical need to invest in our people to support the transition back to normality’.

The group – which includes local Deputies Sean Canney, Noel Grealish and Denis Naughten – met with budget ministers, Michael McGrath and Paschal Donohoe where members outlined five key points they want to see addressed in next week’s budget.

They are seeking support for the regeneration of towns and villages, housing, green villages, remote working and transport links; investment to help home-grown SMEs through recovery and renewal – and a complete review of tax credits and social welfare systems to ensure working is always financially better.

They also want to see investment in health and community initiatives, and in services within communities, on top of repurposing existing infrastructure – and increased supports for farmers, to aid intergenerational transfers and the agri-food sector.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

 

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