Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Public Accounts Committee

Strategic Banking Corporation of Ireland: Financial Statements 2019

9:30 am

Mr. Ian Black:

That was one of the first schemes. It was a facility with €150 million in funding. It is correct that it was fully subscribed. A number of other schemes have been launched, including the Brexit and Covid-19 working capital schemes that are available to parts of the agriculture sector; not farmers, but other parts. There are also the Covid-19 credit guarantee and future growth loan schemes. All those schemes are available to farmers and non-farmers. We are also looking at future schemes, however. We have set out both schemes that are available in our slide presentation. We are also discussing another scheme, that is, a European guarantee fund, with the European Investment Fund. Again, however, that is planned for later this year.

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