Gerald Nash (Louth, Labour) | Oireachtas source

It is the combined exposure from the operation of the credit guarantee scheme and the counter guarantee scheme. One of the reasons we are including the SBCI here - there is broad agreement as to why we should - is to leverage support from European institutions, such as COSME, and from the Horizon 2020 initiative. We want to ensure that we spread the risk in many ways.

There are good reasons for doing that and ensuring liabilities and exposures to the State are limited. We have the cap of €15.6 million. That is the equation that is factored into this.