Oireachtas Joint and Select Committees
Tuesday, 9 June 2020
Special Committee on Covid-19 Response
Reopening the Economy: Supports for Business
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I have in my possession the scheme documentation. It states that applicants have to satisfy the Covid-19 criteria as well as one of the ten or 11 other terms. Let us take the example of a local café in Donegal looking for funding under the working capital scheme. Many people have told me that they have applied and been rejected because they cannot meet the criteria relating to these schemes because they are designed for something else. How can the café satisfy the criteria? It does not have venture capitalists investing in its business, it was not the recipient of a grant or loan from a European research and innovation scheme or, indeed, any of the other terms that apply.
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