Oireachtas Joint and Select Committees

Wednesday, 16 June 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Reactivation of Economy Following Pandemic Restrictions: Discussion

Mr. Neil McDonnell:

The billions of euro in support to which the Deputy correctly refers are not to business but to labour. To be very clear, the PUP is a payment made directly to an employee or former employee and the EWSS payment is a payment that goes via the company to the employee. The Revenue Commissioners are quite rightly auditing businesses to make sure this occurs. The direct non-debt supports to business have been very small. They have been among the smallest in Europe. I do not have the direct grant-assistance figures in front of me. The last figures were produced by the Department of Enterprise, Trade and Employment on 21 May but the grant supports have been of the order of €350 million to €400 million. This is greatly appreciated and we are not knocking it but the rest has been debt-based. There has been no appetite to take up that debt. The credit guarantee scheme-----

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