Oireachtas Joint and Select Committees

Friday, 29 January 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of Companies (Corporate Enforcement Authority) Bill 2018 (Resumed): Department of Enterprise, Trade and Employment

Photo of Matt ShanahanMatt Shanahan (Waterford, Independent) | Oireachtas source

I thank the Tánaiste. I accept what he is saying about corporate enforcement. With respect to Anglo Irish Bank, it was a long, tedious, drawn-out affair, which was probably what annoyed many people but I accept that people were secured at the end. I welcome the Minister's comments about looking at the regulatory burden on small businesses, which is critical. The Minister mentioned giving visibility to small businesses in the future, which was brought up in the House recently. It is a matter of expanding the Covid restrictions support scheme to many businesses that are excluded from it because they are not operating from a premises. I received communication yesterday from somebody in the catering business, who has extensive lease purchases for catering equipment, and there is no more forbearance coming from financial institutions. That is a significant burden. I hope that something can be done shortly. Is there any opportunity to talk to the banks again to try to begin another period of forbearance if we are going to continue in level 5 or even level 4, which it looks like we will, for any length of time?

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