Gerald Nash (Louth, Labour) | Oireachtas source

I know Deputy Calleary is well aware of the issue of exiting banks and refinancing of loans. We are going to do two things in terms of adapting this scheme, which is permissible under the existing Act in any event. I will lay the new scheme before the House over the next few days. We are making significant progress on the matter. As we have stated previously, the scheme will allow for refinancing where an SME's bank has exited or is exiting the SME credit market. It will also allow us to extend the maximum length of the guarantee from three to seven years. That change is imminent and it will be laid before the Houses shortly.