Oireachtas Joint and Select Committees

Thursday, 18 November 2021

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 32 - Enterprise, Trade and Employment
Chapter 6 - Covid-19 Restart Grant Schemes

9:30 am

Dr. Orlaigh Quinn:

We had the future growth loan scheme. We were also conscious that refinancing at that stage could have resulted in bad loans being put into the scheme. That was a concern so it was a tricky balance. We were and are still operating under the temporary State aid rules. They stipulate that we cannot provide assistance that is competitive against another sector. That would have been a competition area if we had refinanced bad loansvis-á-visothers.

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