Oireachtas Joint and Select Committees
Tuesday, 27 March 2018
Select Committee on Jobs, Enterprise and Innovation
Estimates for Public Services 2018
Vote 32 - Business, Enterprise and Innovation (Revised)
5:00 pm
Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source
Enterprise Ireland got extra funding on top of what it got the previous year, but instead of a €40 million fund there will be access to a €10 million stabilisation fund, and also its clients will have access to this €300 million loan fund. This Brexit loan fund has a fair bit of flexibility. Businesses can get loans from €25,000 up to €1.5 million. They can also access greater amounts for support through the €10 million stabilisation fund. Enterprise Ireland had a record capital allocation in 2017 that was maintained in 2018 and it also got an extra €1.3 million.
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