Results 4,641-4,660 of 16,285 for speaker:Peadar Tóibín

Written Answers — Department of Communications, Energy and Natural Resources: Trading Online Voucher Scheme (8 Dec 2015)

Peadar Tóibín: 603. To ask the Minister for Communications, Energy and Natural Resources the number of applications for the trading online voucher scheme; and the number of vouchers awarded in 2015 to date. [43769/15]

Written Answers — Department of Communications, Energy and Natural Resources: Trading Online Voucher Scheme (8 Dec 2015)

Peadar Tóibín: 604. To ask the Minister for Communications, Energy and Natural Resources the policies he has introduced in 2015 to encourage and increase the number of indigenous micro businesses and small businesses trading online. [43770/15]

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

Peadar Tóibín: I move amendment No. 3:In page 6, between lines 29 and 30, to insert the following:“(c) the finance provider is a crowd funder which operates as a credit facility and its liquidity is sourced from the general public and provides loans to businesses in a peer to peer arrangement. (d) the finance provider is a credit union which operates in Ireland under Central Bank...

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

Peadar Tóibín: On Second Stage the Minister of State said crowd funding could not be included because its definition was not tight enough. I now understand he is saying there is a possibility, given the breadth of the Bill, that crowd funders could be included in the future. Will he give me a commitment that they will be so included?

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

Peadar Tóibín: As Opposition Deputies, we have an opportunity to discuss what the Bill states and will do. If we simply agree that it should be left to the Minister to decide what should be included in the scheme at some point in the future, we abdicate our responsibility as Opposition Deputies to the different sectors that are components of a functioning and healthy economy. If we simply decide that it...

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

Peadar Tóibín: To clarify, will the Minister's section allow SBCI to directly provide credit to SMEs?

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

Peadar Tóibín: To provide the counter guarantee.

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

Peadar Tóibín: There are no changes with regard to SBCI.

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

Peadar Tóibín: Separate legislation would be necessary to change the SBCI system but it is important to say that the SBCI has to go through a pillar bank or another form of lending to have access to consumers which limits its engagement and ability to lend. Often the pillar banks have proven that they simply do not feel the need to promote SBCI funding. I have heard from firms that went to a bank for...

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

Peadar Tóibín: Given that there will be €15.6 million of risk to the State, what is the ratio between level of risk to the State and the total amount of funds expected to be delivered? There is a ratio between level of risk and the total of amount of lending expected to be delivered through the system.

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

Peadar Tóibín: I understand there is currently €20 billion of lending to SMEs and, considering the size of that figure, exposing the State to €15 million of lending, with 40% of it in default, does not seem very ambitious. To tease it further, what are the expectations? When this credit guarantee scheme was initially announced, it was indicated that X amount of firms would be affected with X...

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

Peadar Tóibín: When the scheme was first launched, it was very clear that X number of jobs would be created with X number of firms affected. Is the Government rowing back on delivering expectations on this?

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

Peadar Tóibín: I tabled amendment No. 20 because credit is too expensive in this State, be it for those in mortgage distress who are paying a premium over their counterparts throughout Europe or small businesses who are paying a premium over that being charged to European banks - and this is even outside the credit guarantee scheme. Paying for credit at such an enormous rate is a competitive disadvantage...

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

Peadar Tóibín: The problem is that the 2% premium is part of the reason this scheme has not been successful so far. Credit is already too expensive for small businesses out there. When one is operating on low margins and running very tight cash flow levels, 2% is a significant difference in terms of credit. In a mortgage situation for example, any family who pays 5.3% will know the difference on their...

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

Peadar Tóibín: I move amendment No. 29:In page 11, after line 28, to insert the following:“10. The Minister shall within 12 months and every 12 months thereafter, from the passing of this Act prepare and lay before Dáil Éireann a report detailing the impact of all measures contained in this Act on the availability of credit to SMEs, rates of bank lending to SMEs, levels of lending under the...

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

Peadar Tóibín: Yes.

Leaders' Questions (9 Dec 2015)

Peadar Tóibín: The Government did not come into office overnight.

Leaders' Questions (10 Dec 2015)

Peadar Tóibín: If the land is under water, where will the herd go?

Finance (Tax Appeals) Bill 2015: Report and Final Stages (11 Dec 2015)

Peadar Tóibín: I move amendment No. 2:In page 34, line 2, to delete “Subject to subsections (2) and (3), every” and substitute “Every”. Transparency is the ally of a citizen and in most cases involving central, local government or tax affairs where there is transparency, it usually results in better behaviour by all involved. The purpose of these amendments is to remove the...

Finance (Tax Appeals) Bill 2015: Report and Final Stages (11 Dec 2015)

Peadar Tóibín: I move amendment No. 3:In page 34, to delete lines 4 to 25.