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:

They were approved by both SBCI and the bank but they did not draw down the funding.

In a way, that is why it was a much smaller drawdown in the beginning, but €550 million has now been drawn down. It is a scheme where, and this reflects back on our earlier discussions, companies were not borrowing or expanding. Now we are beginning to see that reopening and they are beginning to gain access to that funding.

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