Oireachtas Joint and Select Committees
Tuesday, 21 January 2014
Select Committee on Jobs, Enterprise and Innovation
Estimates for Public Services 2014
Vote 32 - Department of Jobs, Enterprise and Innovation (Revised)
2:30 pm
Dara Calleary (Mayo, Fianna Fail) | Oireachtas source
What is the target for lending in 2014? The temporary guarantee scheme has provided €10.3 million in 15 months which is way lower than was presumed. The Minister undertook a review of the credit guarantee scheme. Is the target still €150 million? What is the target for 2014? The microfinance targets are way below expectations. Microfinance Ireland came before the committee a few weeks ago and its representatives were very impressive and focused on improving the target result. The Minister for Finance announced on budget day that an information campaign would be in place in 2014 to publicise the supports available for business yet the Department's promotional budget has been cut by 17%. This scheme needs to be publicised more effectively because people are either unsure of it or they do not know enough about it. Is the target of €150 million still a possibility?
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