Oireachtas Joint and Select Committees

Wednesday, 11 December 2019

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2019
Vote 32 - Business, Enterprise and Innovation (Supplementary)

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

The Minister of State will take the PRTLI one, while I will take the one on the future growth loan scheme. We will review the scheme and are happy to hear any suggestions. We have drawn down €46 million of the €300 million for the Brexit loan scheme, which is the overdraft working capital facility, and it has been sanctioned at bank level. Some 798 applications were approved by the SBCI and 210 loans were progressed to sanction at bank level to a value of €46.2 million. Of the approved applications to date, 159 were reapplications, given that eligibility expires after six months.

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