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

Photo of Mary ButlerMary 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?

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