Oireachtas Joint and Select Committees

Tuesday, 27 May 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Access to Finance for SMEs: Discussion (Resumed)

2:25 pm

Photo of Feargal QuinnFeargal Quinn (Independent) | Oireachtas source

I want Mr. Shanahan to outline the role of the strategic investment bank. What does Forfás hope will happen? I am interested to learn more about the figure mentioned by him earlier. He said that 19% of SME applications in Ireland have been turned down but the percentage is only 12% in the rest of Europe. Will the discrepancy be solved by the strategic investment bank? How does Forfás see the bank working?

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