Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: SME Recovery

Photo of Steven MatthewsSteven Matthews (Wicklow, Green Party) | Oireachtas source

I thank Ms McCabe, Mr. Butler and Mr. Moran. I have a couple of questions about the SME recovery plan SME Recovery Ireland has published, and the figures examined therein. Has speeding up the Roadmap for Reopening Society and Business in any way reduced the overall losses or the burn rate of capital SME Recovery Ireland anticipated, compared to the extra month of closure called for by the original roadmap?

A post-crisis boost to demand is one of the steps recommended in the plan. A lot of savings have been accrued by consumers in the past three or four months. Do we need a consumer confidence stimulus plan to go with a business stimulus plan in order to instil in consumers some confidence to spend money in the local economy?

Another key action referred to in the SME recovery plan is the allocation of powers and resources to administer claims to Revenue and the National Treasury Management Agency, NTMA. Does that entail assessment and administration of claims? Could the witnesses give us a little more detail on that key action?

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