Dáil debates

Thursday, 26 November 2020

Ceisteanna Eile - Other Questions

Covid-19 Pandemic Supports

11:20 am

Photo of Barry CowenBarry Cowen (Laois-Offaly, Fianna Fail) | Oireachtas source

Many of my constituents involved in businesses that have been severely impacted by the restrictions greatly appreciate and acknowledge the commitment the Government has made in its response to the pandemic by virtue of the massive amount of funding being pumped into business to give businesses an opportunity to be in a position to take advantage of the uplift if and when the restrictions are eased, and we hope that will be very soon. I have been in touch with the Department and officials specifically in respect of the issue that has arisen as a result of the banks' failure to acknowledge the commitment one would have expected to materialise by virtue of the guarantee scheme being in place. It is due to restrictions they believe impact their ability to make funds available because of liens that may exist on properties where this trading is taking place. That is creating the anomaly or gap I mentioned whereby businesses are not able to meet the demands of suppliers, which threatens both entities and was never the intention of everybody concerned.

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