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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Scrutiny of EU Legislative Proposals (11 Feb 2014)

Damien English: There is one Schedule A proposal for decision and there are eight proposals and three notices listed in Schedule B for decision. I propose to deal with Schedule B items first. The proposals listed under Schedule B are as follows: COM (2013) 688, COM (2013) 689, COM (2013) 718, COM (2013) 746, COM (2013) 802, COM (2013) 835, COM (2013) 926 and COM (2014) 3. We also have three early warning...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Scrutiny of EU Legislative Proposals (11 Feb 2014)

Damien English: It is proposed, and we all agree, that the proposal warrants further scrutiny by the joint committee. We will seek the opinion of some of the sector representatives and will raise it with the Minister during the pre-Council engagement here in a couple of months time. Is that agreed? Agreed.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: We move on to our discussion on crowdfunding with Mr. Peter O'Mahony, founder and CEO of LinkedFinance. I welcome Mr. O'Mahony and Mr. Marc Rafferty of LinkedFinance to discuss crowdfunding. I also welcome three business borrowers who have used LinkedFinance: Mr. Maurice McMonagle, HSD Healthcare, Dublin; Ms Lisa Redden and Mr. Olivier Vander Elst of Greenaer. Before we begin the...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: I thank Mr. O'Mahony for his presentation. Do other witnesses wish to comment? As nobody is offering, I call Senator Quinn.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: I must advise that if a phone is located near the microphone it will have a negative effect. I ask for the phone to be removed because we hope to use the transcript.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: That is all right.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: Deputy Dara Calleary sends his apologies. I know the delegation has met him on previous occasions. It was Deputies Calleary and Lyons who suggested extending an invitation to the delegation to attend, but unfortunately Deputy Calleary could not attend today's meeting.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: Do we know who will be the regulator in England?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: It was great that there was no mention of the banks.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: How did Greenaer become aware of LinkedFinance?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: I presume that when LinkedFinance's team is assessing these applications, it looks at the gearing factor and whether a company has borrowed too heavily.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: To clarify, I know Mr. O'Mahony has submitted plans to the Government and is trying to raise the issue as well. In terms of this year's jobs growth figures and the companies that support it, there would not be a massive increase forecast this year if the Government came on board because Mr. O'Mahony's predictions are the same with or without the Government. As regards the long-term...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: The predictions for this year are without the Government getting involved, so it could be a lot more if the Government got involved.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: In terms of the growth plan, is Mr. O'Mahony's team able to handle the numbers if it excelled in that way?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: Do members have any other questions or comments? If not, does Mr. Rafferty have anything to add? Did Mr. O'Mahony cover everything?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (11 Feb 2014)

Damien English: I thank the witnesses for appearing before the committee. For us, they are kicking off the debate. During the next month or two, as I said at the start of the meeting, we hope to look at the whole area of access to finance and alternative methods. Many of the members have met the witnesses briefly in the past few weeks and have been impressed. There is much positivity towards their model...

Written Answers — Department of Social Protection: Social Welfare Appeals Status (12 Feb 2014)

Damien English: 98. To ask the Minister for Social Protection when a decision will issue on an appeal registered on 25 March 2013, in respect of a person (details supplied) in County Meath; the reason for the delay; and if she will make a statement on the matter. [7074/14]

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Forthcoming Competitiveness Council: Minister for Jobs, Enterprise and Innovation (18 Feb 2014)

Damien English: We are in public session. We have a briefing by the Minister for Jobs, Enterprise and Innovation, Deputy Richard Bruton, on the forthcoming Competitiveness Council meeting in Brussels on 20 and 21 February 2014. I welcome the Minister for Jobs, Enterprise and Innovation, Deputy Richard Bruton, and his officials to the meeting. As Members are aware the Minister is here to brief the...

Select Committee on Jobs, Enterprise and Innovation: County Enterprise Boards (Dissolution) Bill 2013: Committee Stage (18 Feb 2014)

Damien English: The County Enterprise Board (Dissolution) Bill 2013 was referred to the Select Committee on Jobs, Enterprise and Innovation by order of the Dáil on 6 February 2014.

Select Committee on Jobs, Enterprise and Innovation: County Enterprise Boards (Dissolution) Bill 2013: Committee Stage (18 Feb 2014)

Damien English: Amendment No. 1 is in the name of Deputy Dara Calleary. Amendments Nos. 1, 3 and 4 are related and will be discussed together.

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