Oireachtas Joint and Select Committees

Tuesday, 9 June 2020

Special Committee on Covid-19 Response

Reopening the Economy: Supports for Business

Dr. Orlaigh Quinn:

Obviously, we apply the policy as decided by the Government. On MFI, we have had 686 applications to date and have approved 437. We just recently allocated another €100 million to that scheme because of the level of drawdown. I cannot comment on the overall policy issue but we would see ourselves as being very competitive on that scheme and hence, businesses are taking it up. Some of the difficulties we have are due to the fact that the economy has effectively been closed for three months for many of these small companies. It is only now that they are coming back into business, which is great to see, that we can engage with them. We have asked them all along to engage with their LEOs.

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