Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

What consideration has been given to the terms and conditions that will be attached to the credit that this new agency will be able to provide? One of the reasons the Activate Capital fund has not been hugely successful is that the initial cost of funding was very high. I think it was as high as 14% but has come down significantly since then. The fund has had some success but not, I think, at a level others might have expected. Will the Minister clarify what will be the terms and conditions associated with the funding that this new body will provide? Will he confirm that the legislation is under preparation and that he will bring it before the House on schedule?

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