Small businesses are the backbone of any economy, and this holds true for Ireland and Northern Ireland as well. While larger corporations may have more resources, small businesses play a vital role in creating jobs, driving innovation, and fostering a sense of community. In this blog, we will explore some of the reasons why supporting small businesses in Ireland and Northern Ireland is crucial for the economy and society as a whole.
- Job Creation
Small businesses are significant job creators in Ireland and Northern Ireland. According to the Small Firms Association, small businesses account for over 70% of all employment in Ireland. Similarly, in Northern Ireland, small businesses are responsible for around 75% of all employment. When you support small businesses, you are helping to create and sustain local jobs, which can have a ripple effect throughout the community.
- Unique Products and Services
Small businesses offer unique products and services that you may not find elsewhere. From handcrafted goods to specialty foods, small businesses often provide a level of quality and personalisation that larger corporations cannot match. By supporting small businesses, you are not only getting a high-quality product, but you are also supporting the creativity and passion of local entrepreneurs.
- Fosters Innovation
Small businesses often drive innovation and creativity in their respective industries. Because they are more nimble and flexible than larger corporations, small businesses can adapt more quickly to changing market trends and customer needs. When you support small businesses, you are helping to foster an environment of innovation and entrepreneurship, which can have a positive impact on the entire economy.
- Supports Local Economy
When you support small businesses, you are helping to keep money in the local economy. Small businesses often source their materials and supplies from other local businesses, creating a multiplier effect that benefits the entire community. Additionally, small businesses are more likely to reinvest their profits back into the local economy, which can have a significant impact on the growth and development of the community.
- Builds Community
Small businesses are often deeply ingrained in the community and can serve as a gathering place for locals. They can be a hub of social activity, creating a sense of connection and community among residents. When you support small businesses, you are not only supporting the business itself but also the larger community.
In conclusion, supporting small businesses in Ireland and Northern Ireland is crucial for the economy and society as a whole. From job creation to fostering innovation and building community, small businesses play a vital role in the success and vibrancy of the local economy. So, the next time you are considering a purchase, consider supporting a local small business and see the positive impact it can have on your community.
You can shop a range of incredible small businesses from around Ireland and Northern Ireland on our website, or if you’re ever around the North Coast of Ireland, pop into our store in Bushmills. We’d love to see you!