Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

In November 2017, the Commission approved a rescue and restructuring scheme for Ireland for undertakings in difficulty, with an undertaking considered to be in difficulty when, without intervention by the State, it will almost certainly be condemned to going out of business in the short or medium term. They are viable but vulnerable companies. The scheme was put in place and, in May 2018, extended to include temporary restructuring support for enterprises with acute liquidity needs. In February, the Commission approved an amendment to the scheme's budget size from €20 million to €200 million. To date, no enterprise has sought rescue and restructuring aid for temporary restructuring support, but we stand ready.

I was pleased when we received confirmation a week or so ago that Carbery Food Ingredients Limited could get funding of almost €6 million. Enterprise Ireland can now provide supports of almost €6 million to that company, giving it the investment it will need for its €65 million project. The Carbery example is a significant transformation for a food company in that it is moving away from the UK market.

See this speech in context