Oireachtas Joint and Select Committees
Wednesday, 8 May 2024
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Small Companies Administrative Rescue Process: Discussion
Richard Bruton (Dublin Bay North, Fine Gael) | Oireachtas source
I will ask a question very quickly. Does Dr. Coates have the overall figures for the number of businesses that are born and die each year? I think it runs to several thousand, if not tens of thousands. Against that background, while SCARP has clearly hit an excellent point in that it is much cheaper than an examinership and it is working well, are there other international examples of things that ought to be done or is it the case that some of these companies flourish for a day but there was not a long-term prospect for them?
Given that the Department is considering legislative changes, is it undergoing a consultation with various interests at the moment? Is there a timescale for the consultation and any prospective amendments?
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