Cross border businesses booming
Half of Northern Ireland’s cross-border businesses booming
Cross-border businesses are enjoying expansion – according to a report by InterTradeIreland. Its latest quarterly business monitor stated 50% of NI companies are in growth mode while 24% reported stability as Covid-19 restrictions begin to ease.
It said that three quarters of all businesses are now operational, while over half of SMEs in the tourism and leisure sectors have re-opened their doors, adding that growth is starting to move on the path of pre-pandemic levels.
An up-lift in sales is visible across all sectors and size of firms. However, the standout performers are businesses that export off the island and those that trade across the border, according to InterTrade Ireland.
Kerry Curran, InterTradeIreland’s acting director of Strategy and Policy said: “It’s great to see that many firms are now on course for recovery. InterTradeIreland’s research demonstrates exporters and cross-border traders consistently lead the way in growth, which is again borne out in these latest figures.”