The latest EY Entrepreneur of the Year survey has shown that a key challenge facing Irish entrepreneurs is the difficulty in attracting skilled labour.

Almost one third of 416 entrepreneurs surveyed said a shortage of experienced talent as their number one challenge.

The survey showed 87 per cent of respondents said they felt positive about the current economic environment, 64 per cent believed there was not sufficient support in place for those whose businesses are struggling or have failed. This compares with a figure of 37 per cent last year.

The survey also showed 46 per cent said they had a business fail in the course of their career.

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