Oireachtas Joint and Select Committees

Wednesday, 23 October 2019

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Update on Brexit Engagement: Minister for Business, Enterprise and Innovation

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

The good news is that under the Brexit loan scheme, which is the working capital facility, some €45.2 million has been sanctioned at bank level. The future growth loan scheme is at €64.3 million as of 18 October last. The uptake has certainly accelerated. We plan to carry out a review. There is a wide range of supports in place and loans are a part of that. However, we plan to carry out a review of the working capital facility. I would be worried if it was all gone at this stage. They are loans and-----

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