Oireachtas Joint and Select Committees

Wednesday, 31 January 2024

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

I take the Minister's point. It is the 2,000 the figure is on. If the Minister could get the information on how that will be stepped in, that would be good.

I will ask about the ICOB scheme. On the dates, the Minister has said a letter is likely to go out in the middle of next month from the local authorities. What is the estimate, in terms of time, from the letter to the money reaching people in the first instance? Second, I am not brilliant at mathematics, but if every one of the 140,000 the Minister said gets the €5,000, he would have to put €710 million aside. That is clearly not there. Of the money the Minister has, either 51,800 get €12,000 or 140,000 get €1,800. There is not €5,000 for all, or even a small portion, of these companies. The likelihood is it will be closer to the €1,800. Notwithstanding that, I am sure there are plenty of businesses that will welcome it. I would welcome a bit of certainty on the dates and when they will receive the money. There will not be any conditions, as the Minister has outlined, other than the ones that would be expected such as being in good stead with the Revenue. I assume that would include being in an arrangement to pay back any warehoused debt-----

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