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
Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source
Dr. Quinn said the drawdown was €550 million. I think there was an original provision of €2 billion for this line of support. Close to two years into the operation of the scheme, we have reached a quarter of the provision. It did not need to be a target but it needed to be there for businesses when they looked for it. Did Dr. Quinn get feedback at any stage from business about difficulties with the banks? Businesses complained to me, and, I am sure, other to Deputies, about undergoing a long, slow process and the worst thing for any business is a slow "No" after many months of engagement with a bank. Was that feedback received in the Department?
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