Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: SME Recovery

Mr. John A. Moran:

This is an opportunity to use these funds wisely in terms of firms. If money from the taxpayer is being given to firms to help them through this crisis, it is only appropriate that we think about the right types of conditions that we would attach to that. In other jurisdictions, for example, they have restricted the ability of firms to upstream that money to the owners of those businesses and do other stuff. We can also think about rewarding them to follow the types of measures the Deputy mentioned regarding healthcare and things like that. In the next set of conversations the committee has, each sector needs to explain what measures work for it and what works badly. We are listening to SMEs. Ms McCabe might wish to add something.