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
Mr. Declan Hughes:
I know that Glanbia worked with SBCI previously and with their suppliers on their financing needs. I am aware that it is working with them on trying to set out production schedules, quota and so forth as well. It is all about contingency planning. Certainly, if there are ideas there for this or for other mechanisms, the inclusion of primary producers would mean that the farm enterprises the Deputy refers to could certainly benefit from it. It is quite complex in terms of producing at lower prices and so forth. It is an unfortunate situation, but the facilities are available.
No comments