Mary Coughlan (Donegal South West, Fianna Fail)

I have had an opportunity to meet with all State agencies, including Údarás na Gaeltachta, which is part of a working group that took place last week between us and the banks where we examined new opportunities for investment. We also examined the issues the Deputy raised which are pertinent to all of us in business. We expressly said if we are to sustain employment and create new opportunities, we must allow those entrepreneurs to continue in that capacity. We are also examining how guidance for smaller companies through the county enterprise boards in providing new opportunities, such as refundable loans, would allow a little more traction for such companies. The Minister of State is dealing with this.

It is a matter of concern that some of the banks do not have a business acumen. On that basis my agency, Enterprise Ireland, will make available people with business expertise in a new initiative with the banks to allow them the opportunity to have a greater acumen and support business, which is a most important initiative on which we have embarked. Deputy Penrose may rest assured that is being followed through.

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