Dáil debates
Thursday, 30 November 2017
Other Questions
Strategic Banking Corporation of Ireland
11:20 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
In response to the Deputy's two points about the availability of credit for SMEs outside Dublin I reiterate the point I made, that 85% of the funding available to the Strategic Banking Corporation of Ireland for lending is made available through its intermediaries to SMEs located outside the capital city. This points to the fact that it has been successful in supporting SMEs in rural Ireland and other cities. It has also participated in several initiatives to make known the funding it is able to provide through the banks, for example, using the SME online tool. If an SME answers eight questions about the size of its business, it will be made aware of the support open to it, including support and credit enabled by the Strategic Banking Corporation of Ireland.
In response to the Deputy's second point about additional home building and the need for small companies to gain funding which they cannot access to build homes, I will set up home building finance Ireland-----
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