Results 4,541-4,560 of 6,437 for speaker:Gerald Nash

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: It is a demand-led scheme.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: No. I can clarify the numbers to the best of my recollection. Just under 1,000 jobs have been supported by the credit guarantee scheme and we cannot put any ceiling on our ambition with regard to the number of jobs that would be maintained and supported. During the difficult years of 2012 and 2013 - the early years of the scheme's operation - we had to value the role that the scheme...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 7:In page 7, line 23, after “subsection (3)” to insert “and section 11 of the Credit Guarantee (Amendment) Act 2015".

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 8: In page 7, between lines 39 and 40, to insert the following:“(5) The Minister shall, in relation to a credit guarantee scheme, after consultation with the participating finance provider concerned, and by notice in writing given to the provider, specify the maximum value of financial products that may be provided by that provider pursuant to qualifying finance...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 9:In page 7, line 40, to delete “(5) The Minister” and substitute “(6) The Minister”.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 10:In page 8, line 5, to delete “(6) An agreement” and substitute “(7) An agreement”.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 11:In page 8, line 7, to delete “(7) In this” and substitute “(8) In this”.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 12:In page 8, between lines 20 and 21, to insert the following:“(iv) by the substitution of the following paragraph for paragraph (d):“(d) without prejudice to the generality of section 8(4), the method of payment of the premium under section 8 and the time or times at which the premium shall be paid;”.”. I will discuss amendments Nos. 12, 19,...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: We are allowing for premia of less than 2% in certain cases. The legislation provides for flexibility in the premia that can apply to schemes. Any premium can only be used towards defraying the costs of the operation of the scheme. A case could be made, when looking at future schemes, to take an approach to a particular sector and design a specific scheme - or if there is an attractive...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: The 2% premium is the case for now and that is understood, but it is not expressly specified in he Bill as flexibility is required to be able to respond where needed. For example, if a particular scheme is targeted at a specific sector experiencing difficulties with structural problems, flexibility would be needed to reduce the cost of the premium, if a case could be made. Flexibility is...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 13:In page 9, to delete lines 10 to 12 and substitute “person who has, subject to subsection (6), a controlling interest in the finance provider,”. Section 5 of the principal Act is primarily about the schemes made under the legislation to date, in 2012 and 2015. The amendments to section 5 of the Bill are primarily about making sure that any or all new...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 14:In page 9, to delete line 39.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 15:In page 10, line 12, to delete “and”.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 16:In page 10, line 15, to delete “scheme applies.”.” and substitute “scheme applies, and”.”.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 17:In page 10, between lines 15 and 16, to insert the following:“(e) the methodology referred to in section 8(1).”,”.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No.18:In page 10, between lines 15 and 16, to insert the following:“and(d) by the insertion of the following subsections after subsection (4):“(5) (a) The Minister may require that any information referred to in subsection (2)(a) given to him or her by a person in compliance with a scheme under this section be attested as to the truth of the information by a...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 19:In page 10, between lines 15 and 16, to insert the following: “Payment of premium to Minister by participating enterprise 6. The Principal Act is amended by the substitution of the following section for section 8:“8. (1) Subject to this section, a participating enterprise shall, in accordance with a credit guarantee scheme that applies to the enterprise...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 21:In page 11, line 16, to delete “by this Act” and substitute “by this Part”. This is a purely technical amendment with an application provision from the Principal Act being switched into the new Part 2.

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 22:In page 11, between lines 20 and 21, to insert the following: “PART 3* COUNTER GUARANTEESDefinitions9. In this Part—“asset credit facility agreement” means an agreement (other than a loan agreement or a credit facility agreement) under which a finance provider agrees to provide to a qualifying enterprise credit in the form of tangible...

Select Committee on Jobs, Enterprise and Innovation: Credit Guarantee (Amendment) Bill 2015: Committee Stage (8 Dec 2015)

Gerald Nash: I move amendment No. 23:In page 11, between lines 20 and 21, to insert the following:“Power of Minister to give counter guarantees 10. (1) Subject to this section and section 11, the Minister may, in accordance with a counter guarantee scheme, enter into an agreement (in this Part referred to as a “counter guarantee agreement”) with a promotional financial institution...