Oireachtas Joint and Select Committees

Thursday, 5 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Contractual Arrangements for Public Sector Infrastructural Projects: Discussion

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

On the impact this is having on businesses, Mr. Reynolds should note this is not the first time I have heard that story regarding the stress this is having on individuals' mental health and that is putting them into a very dark space. We can only appeal to people to reach out for help.

What is the impact that people within the group have experienced in terms of their businesses? Are businesses still clinging on and are many of them in danger? The amount of money owed individually varies. We hear figures of €16,000 and €250,000 but everything is in proportion. A business could be owed only €5,000 but that could put a business under depending on its size and scale and its credit agreement with a bank. Will the witnesses give an indication of how it has impacted on businesses thus far and the likelihood of it so doing if this is not resolved?

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