Oireachtas Joint and Select Committees

Wednesday, 20 September 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Microenterprise Loan Fund (Amendment) Bill 2023: Discussion

Photo of David StantonDavid Stanton (Cork East, Fine Gael)
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I thank the Chair. I do not think I will take too long. I thank Ms Carberry for the presentation, and like Deputy O'Reilly I can see that Microfinance Ireland seems to be very successful in the work it has been doing. Ms Carberry said, "A sunset clause was built in by way of a limit in the amount of funding of €25 million, so that if the programme was not a success it could be discontinued relatively easily." Could Ms Carberry say a bit more about that €25 million? Is that still the case, and how does that work?