John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source

On that point, I was involved with the microfinance fund. While the Government is anxious that aid under the microfinance fund be dispensed, there is much red tape around draw down from it. The state aid rules which will apply over the next five years are very liberal and are a signal that the European Investment Fund, EIF, and European Investment Bank, EIB, are determined to reignite economies and to ensure that funds are not returned to source. The aim is to ensure proper utilisation of funds which, in turn, will be utilised to create jobs.