Dáil debates

Thursday, 30 April 2020

Covid-19 (Business, Enterprise and Innovation): Statements

 

3:25 pm

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

No. He will have five minutes too.

In terms of working capital, as my colleague said, interest free loans will be needed. On laundering it through the SBCI with its innovation clause expecting viable businesses to be able to reinvent the wheel in order to get money at 5% because the costs have to be paid to the pillar banks which are going to get it out there, if the rate is less than 0.25% it needs to be that for working capital money for businesses.

How long can people expect to receive the €350 a week payment? Many businesses feel that until they are back up and running it needs to be maintained. There are going to be redundancies. That is a fact. How will they be funded? Can we get back to the 60% that was once given, or closer to 100%, to assist with that? Not all people will be able to get back into full employment immediately. In a Border constituency, as is the Minister's, tourism and agriculture represent a huge part of the economy. Where are we on a plan for those sectors because nothing has been forthcoming and there is huge concern. While I appreciate this is a health issue, the public needs to know what is happening because it might inform us and expert opinion about how to manage the way out. What are the demographics of the people being sick and of those who are deceased and where in the country are these happening? It is very clear anecdotally that there are flash points and we need clear detail and data provided by Government so that people, experts and we as Members can be informed to advise the Minister on what decisions to take.

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