Oireachtas Joint and Select Committees

Tuesday, 12 November 2013

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Progress Update: Discussion with Microfinance Ireland

2:15 pm

Ms Adrienne Murray:

We hope next year to be able to double the number of jobs we created in 2013. That would amount to in excess of 500 jobs, with lending involving a combination of different loan initiatives, including both small loans and the average loan of €15,000. If there is funding remaining, we would like to consider some youth related initiative. I understand the county enterprise boards have submitted proposals to the Department of Jobs, Enterprise and Innovation and the Department of Social Protection regarding entrepreneurial initiatives for under-25s. We would be very happy to work with the CEBs as the designated lender to a youth entrepreneurship fund. We are looking at those possibilities and anticipating that we will be able to lend to different cohorts of target audiences and, in so doing, exceed the number of jobs we have created this year.