Oireachtas Joint and Select Committees
Tuesday, 30 January 2018
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Cost of Doing Business in Ireland: Discussion (Resumed)
3:00 pm
Mr. Michael Lauhoff:
The specific details of the Brexit working capital scheme have not been finalised. There is a requirement for a Brexit impact, but what this means in terms of how detailed it is has not been finalised yet with the Strategic Banking Corporation of Ireland. The aim of this facility is to support businesses in the context of Brexit, and it is available where businesses are looking to expand their markets or are negatively impacted. From our engagement at this point, I believe it is about how to support openly rather than trying to be restrictive.
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