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Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: Is it expected that the scheme will be rolled out immediately? Will €300 million be available next year from which businesses will be able to borrow?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: It is fantastic that loans ranging from €25,000 are available because some businesses may find it very difficult to secure smaller loans but easier to access larger amounts of finance.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: Companies that try to access loans will have to be affected by Brexit, but will it be very onerous or difficult for them to secure a loan? People sometimes find that they have to jump through hoops to access funding. Is there any information in that regard?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: I have heard much about it. Subhead B5 relates to the programme of research in third level institutions. There will be an additional €12 million, which will reduce the outstanding commitment in cycle 5. The Department restates there is currently approximately €24.5 million in outstanding commitments. Is that before or after the Supplementary Estimate of €12 million...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: Is it hoped the final instalment will be paid next year?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: Great minds think alike.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: The Minister mentioned some universities. Was any institute of technology included in that list?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: How were the criteria determined for which universities would receive funding?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: The extra expenditure of €40 million will be funded through a €34 million capital underspend and a current expenditure underspend of €6 million. Is it surprising that Enterprise Ireland has €17 million in savings on the capital expenditure side? Has any of this money been committed to be spent next year.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: To reiterate what the Minister said at the start, the Supplementary Estimate is a redistribution of moneys already voted on. It does not include any additional Exchequer funding for the Department. Was the Department happy that it did not receive additional funding? Is everyone delighted with the additional funding?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: We are all in agreement in that regard.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: Yes.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: I understand from where Deputy Maurice Quinlivan is coming because there was concern at the time of the trial that they did not have enough staff.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: When one sees money coming back-----

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2017
Vote 32 - Department of Business, Enterprise and Innovation (Supplementary)
(6 Dec 2017)

Mary Butler: That concludes the select committee's consideration of the 2017 Supplementary Estimate for Vote 32 - Department of Business, Enterprise and Innovation. I thank the Minister and her officials for attending. I note that there is a division in the House.

Select Committee on Jobs, Enterprise and Innovation: Message to Dáil (6 Dec 2017)

Mary Butler: In accordance with Standing Order 90, the following message will be sent to the Dáil:The Select Committee on Business, Enterprise and Innovation has completed its consideration of the following Supplementary Estimate for public services for the year ending 31 December 2017: Vote 32 - Department of Business, Enterprise and Innovation.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Foreign Direct Investment and Jobs Growth: Discussion (6 Dec 2017)

Mary Butler: I remind members, visitors and those in the Visitors Gallery to ensure their mobile phones are turned off completely or switched to flight mode for the duration of the meeting, as they interfere with the broadcasting equipment, even when left in silent mode. By virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Foreign Direct Investment and Jobs Growth: Discussion (6 Dec 2017)

Mary Butler: Go raibh maith agat, a Aire. I now invite Mr. Martin Shanahan to make his presentation.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Foreign Direct Investment and Jobs Growth: Discussion (6 Dec 2017)

Mary Butler: I thank Mr. Shanahan. Deputy Neville has to leave for another meeting so if he wishes to ask the first question, he may do so.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Foreign Direct Investment and Jobs Growth: Discussion (6 Dec 2017)

Mary Butler: Would the Minister like to deal with that?

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