Oireachtas Joint and Select Committees

Tuesday, 9 June 2020

Special Committee on Covid-19 Response

Reopening the Economy: Supports for Business

Mr. Neil McDonnell:

They are, but the sustaining enterprise fund is very much aimed at exporting entities, even the small and microbusinesses, and they are debt-based solutions. We see businesses that say this is the last thing they need, businesses that say to banks that they cannot pay their mortgage. These are hairdressers who have missed all those treatments for weeks, restaurants that have not sold covers, and hotels that have not sold rooms. Those sales cannot be made up retrospectively, and asking for a debt solution is not the clever way to go.

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