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 Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

We will do. Members might have heard the radio campaign advertising the €300 million working capital facility. That has a three-year term, and really acts as an overdraft facility. It has a 4% interest rate. We did a good bit of advertising for that, and we will do the same for this long-term scheme. I will send the Deputies notice of this scheme whenever it is approved. We have to go through the legislative process first. I will send committee members a note on the scheme and I would be grateful if they could advertise it as much as they can. We want to get the money out to people. There is also a lovely little booklet, which I can have sent to members. It is titled "Government working with finance providers to support SME financing". We will provide committee members with copies. It is a full list of the various supports.

That is whether it is through equity finance support or direct debt financing support. There has been a change. It used to be that an entity would have to go to the bank for a loan but that is no longer the way; when businesses look at loans now they look at them with different ways of financing them in mind. There are many types of support and I will get that sent out. This is for everybody to avail of and we want to provide supports. We would appreciate anything that the committee can do to help us.

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