Dáil debates

Thursday, 18 February 2021

Covid-19 (Enterprise, Trade and Employment): Statements


2:20 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

The Minister for Finance is heading up that. He has made the application for funding under the SURE scheme. As I understand it, it involves borrowed money. It is an EU fund from which we can borrow money for schemes such as the EWSS, but it is at a blended rate. We can actually borrow more cheaply from the markets than from EU funds. It is more expensive to borrow through the SURE scheme than on the money markets. We are participating because we believe we should do so, but it is actually more expensive.


No comments

Log in or join to post a public comment.