Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: SME Recovery

Photo of Colm BrophyColm Brophy (Dublin South West, Fine Gael) | Oireachtas source

I believe Deputy Colm Burke wants to contribute after me so I will take five minutes initially and then let him take the other five.

I would like Mr. Moran to clarify something in respect of which he might not want to speak or act in a particular way. He keeps saying we want money out as quickly as possible and that there is an estimate of approximately €6 billion. This leads to a discussion on debt and loans, including low-cost and interest-only loans, all of which have been mentioned. Specifically, what is the primary way in which Mr. Moran would like the grant aid to be introduced by the Government, maybe in the July statement? Is it a fixed amount? Is it a proportional amount? Is it a pure grant? Should there be an element of a repayable low-cost loan? Should it be broken down on a sectoral basis? If Mr. Moran had two or three primary wishes regarding the approach, what would they be? I would appreciate it if he could respond relatively quickly because I want to go into another area of questioning.

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