Oireachtas Joint and Select Committees
Wednesday, 5 December 2018
Select Committee on Jobs, Enterprise and Innovation
Estimates for Public Services 2018
Vote 32 - Business, Enterprise and Innovation (Supplementary)
2:00 pm
Mary Butler (Waterford, Fianna Fail) | Oireachtas source
My next question concerns the future growth loan scheme, which I welcome, offering €15 million for new capital provision. As the Minister explained, this will provide low-cost loans of between eight and ten years' duration with no collateral necessary. How long does the Minister expect it will take businesses to be approved for loans under this scheme? Sometimes businesses have to jump through hoops during the process of applying for loans. Will it be a reasonable application process? Does the Minister expect much drawdown?
No comments