Oireachtas Joint and Select Committees
Tuesday, 20 April 2021
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Loan Guarantee Schemes Agreements (Strategic Banking Corporation of Ireland) Bill 2021: Waiver of Pre-Legislative Scrutiny
Ollie Crowe (Fianna Fail) | Oireachtas source
I thank the officials for the detailed briefing. The essential role the Strategic Banking Corporation of Ireland plays is clear. It has provided €1 billion in bank loan guarantee schemes to 8,000 businesses since the start of the pandemic. I note from the information provided that, despite last year's high figures, there is expected to be an increase in demand for the scheme this year. How much of that increased demand is Covid-related and how much is Brexit-related? The recent expansion of lending beyond retail banks is welcome and relevant. I note it involves 19 credit unions, spread between three groups and non-bank lenders. In light of developments in recent weeks, this is particularly welcome. What is the Department's view on further expansion in this regard?
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