Oireachtas Joint and Select Committees

Tuesday, 8 December 2015

Select Committee on Jobs, Enterprise and Innovation

Credit Guarantee (Amendment) Bill 2015: Committee Stage

1:30 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

I understand there is currently €20 billion of lending to SMEs and, considering the size of that figure, exposing the State to €15 million of lending, with 40% of it in default, does not seem very ambitious. To tease it further, what are the expectations? When this credit guarantee scheme was initially announced, it was indicated that X amount of firms would be affected with X number of jobs to be created, etc. What is the range of objectives for this change? How many firms will be affected?

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