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

Gerald Nash: I move amendment No. 24:In page 11, between lines 20 and 21, to insert the following:“Monetary limit on Minister’s liability 11. The Minister shall not exercise the powers conferred on him or her by section 4 of the Principal Act or section 10* in such manner as would result in the aggregate of the Minister’s liability in respect of—(a) all 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. 25:In page 11, between lines 20 and 21, to insert the following:“Counter guarantee schemes 12. (1) The Minister may, with the consent of the Minister for Finance and the Minister for Public Expenditure and Reform, make a scheme or schemes for the purposes of this Part.(2) Without prejudice to the generality of subsection (1), a scheme under this section may make...

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

Gerald Nash: I move amendment No. 26:In page 11, between lines 20 and 21, to insert the following:“Payment of premium to Minister by participating PFI 13. (1) Subject to this section, the participating PFI shall, in accordance with the counter guarantee scheme, pay to the Minister an amount (in this section referred to as the “premium”) determined by the Minister in accordance with...

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

Gerald Nash: I move amendment No. 27:In page 11, between lines 20 and 21, to insert the following:“Review of counter guarantee scheme 14. The Minister may, at any time, conduct a review of the operation of a counter guarantee scheme and, not later than 2 months after completing such review, make a report in writing to each House of the Oireachtas of his or her findings and conclusions resulting...

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

Gerald Nash: I move amendment No. 28:In page 11, between lines 20 and 21, to insert the following:“Expenses 15. The expenses incurred by the Minister in the administration of this Part shall, to such extent as may be sanctioned by the Minister for Finance, with the consent of the Minister for Public Expenditure and Reform, be paid out of moneys provided by the Oireachtas.”.

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

Gerald Nash: I would be more optimistic than Deputy Tóibín about the potential of this Bill and the credit guarantee scheme. We have accepted the vast bulk of the review. We commissioned that review and understood that changes had to be made. I accept that it has been frustrating for everybody that it has taken a long time to get to the point where we can make amendments to the legislation to...

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

Gerald Nash: I move amendment No. 30:In page 3, line 5, after “2012;” to insert the following:“to enable the Minister for Jobs, Enterprise and Innovation, pursuant to a counter guarantee scheme made by that Minister of the Government, to give counter guarantees to promotional financial institutions for guarantees given by the institutions to finance providers in respect of finance...

Written Answers — Department of Jobs, Enterprise and Innovation: Employment Rights (8 Dec 2015)

Gerald Nash: I propose to take Questions Nos. 200 and 201 together. Apart from public sector employees, where certain statutory retirement ages may apply, there is no statutory retirement age for employees in Irish legislation. A contract of employment will generally contain a retirement age but this is a matter of contract between the parties. The upper age limit for bringing claims under the Unfair...

Written Answers — Department of Jobs, Enterprise and Innovation: Employment Rights (2 Dec 2015)

Gerald Nash: The Deputy will understand that I cannot provide legal advice in relation to the employment or other rights applying to any individual’s specific circumstances. Independent legal advice should be sought in relation to any concerns an individual may have about their situation. Ireland has a comprehensive body of employment rights, equality and industrial relations legislation, in...

Topical Issue Debate: Crime Prevention (1 Dec 2015)

Gerald Nash: I will mention those points to the Minister, Deputy Frances Fitzgerald at the earliest opportunity. I am familiar with many of the points the Deputy has raised. Just last night I attended the Louth IFA meeting in the Ballymascanlon House Hotel in north County Louth to discuss these very issues. Reference was, in fact, made by a senior IFA representative to the south County Laois pilot...

Topical Issue Debate: Crime Prevention (1 Dec 2015)

Gerald Nash: I am speaking on behalf of the Minister for Justice and Equality who regrets that she cannot be present due to other official commitments. She is grateful to the Deputy for raising this important matter in the House. She is aware of the concerns about rural crime, burglary in particular. She considers that burglary is a persistent and highly damaging crime, particularly in the very...

Credit Guarantee (Amendment) Bill 2015: Second Stage (Resumed) (26 Nov 2015)

Gerald Nash: Indeed. I can whistle for that. I remind Deputy Finian McGrath that the Microfinance Ireland operation is in place. The performance of that body is improving all the time. It presents a significant opportunity for small and medium enterprises at a micro level to gain access to finance at reasonable rates when they need it, where they need it and in a timely fashion. We have made some...

Credit Guarantee (Amendment) Bill 2015: Referral to Select Committee (26 Nov 2015)

Gerald Nash: I move:That the Bill be referred to the Select Committee on Jobs, Enterprise and Innovation pursuant to Standing Orders 82A(3)(a) and (6)(a) and 126(1) of the Standing Orders relative to Public Business.

Credit Guarantee (Amendment) Bill 2015: Second Stage (Resumed) (26 Nov 2015)

Gerald Nash: On 5 November, I moved that the Credit Guarantee (Amendment) Bill 2015 be read a Second Time and I informed the House that I planned to table significant Committee Stage amendments thereto. I emphasise the Government's commitment to making a considerable change to the existing legislation, as was pointed out by the review, namely, strengthening and improving the guarantee in terms of risk...

Credit Guarantee (Amendment) Bill 2015: Second Stage (Resumed) (26 Nov 2015)

Gerald Nash: I saw the posters.

Credit Guarantee (Amendment) Bill 2015: Second Stage (Resumed) (26 Nov 2015)

Gerald Nash: I was hoping the Deputy would invite me to address the meeting.

Credit Guarantee (Amendment) Bill 2015: Second Stage (Resumed) (26 Nov 2015)

Gerald Nash: I will bring another Minister of State, Deputy Aodhán Ó Ríordáin.

Other Questions: Startup Gathering (26 Nov 2015)

Gerald Nash: The Action Plan for Jobs 2015 outlined an action in respect of a national week of events promoting entrepreneurship and showcasing Ireland’s startup sector to entrepreneurs from all over the globe, including the Irish diaspora, with the message "Start, Scale, Succeed from Ireland." The initiative that was put in place as a result was the Startup Gathering. It featured more than 400...

Other Questions: Startup Gathering (26 Nov 2015)

Gerald Nash: We are working to finalise the elements that will inform part of the package for the action plan for jobs 2016. While we are not in a position to discuss those here today, there will be a very clear suite of proposals, many of them emanating from changes introduced in the budget this year to help the enterprise sector, but also to build on the publication of the national entrepreneurship...

Other Questions: Startup Gathering (26 Nov 2015)

Gerald Nash: I agree with Deputy Kyne that the startup sector has been the unsung hero of our economic recovery. There has been a record number of new company registrations over the past couple of years, which is very encouraging for those of us interested in creating and helping startups. Coming from a constituency that includes Ireland's two largest towns, I agree that we have to focus on improving...

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