Results 22,901-22,920 of 27,613 for speaker:Heather Humphreys

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

Heather Humphreys: The Exchequer provision totals €23 million. Through a combination of a Strategic Banking Corporation of Ireland guarantee supported by the State and partially counter-guaranteed by the European Commission and the European Investment Bank, this sum is expected to leverage €300 million in loans to SMEs.

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

Heather Humphreys: It should be in place by the end of quarter 1 or the beginning of quarter 2. There will be criteria for businesses to meet such as that they have been impacted on by Brexit. We will have to wait and see what transpires in terms of the level of take-up of the scheme, but it will be offered on a first come, first served basis.

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

Heather Humphreys: That is the exact question I asked. We will be able to pay out the money before the end of the year. It will then be available and we expect to roll out the scheme through the three pillar banks which we have asked for expressions of interest 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)

Heather Humphreys: It is part of the overall figure. There is Exchequer funding of €23 million in combination with an SBCI guarantee which is supported by the State and partially counter-guaranteed by the European Commission and the European Investment Bank. It is expected to leverage lending of €300 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)

Heather Humphreys: It will form part of the overall fund. There will be no direct lending, rather the loans will be available through the pillar banks.

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

Heather Humphreys: The businesses must be viable enterprises that have been or will be demonstrably exposed to current or future negative impacts resulting from Brexit. Some 15% of their exports or imports must be with the United Kingdom. Companies will have to show they have been impacted on by Brexit. One sector that springs to mind is the mushroom industry.

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

Heather Humphreys: The additional funding of €12 million will reduce the €24 million in outstanding commitments to €12 million. This is like another instalment-----

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

Heather Humphreys: The Chairman has asked the same questions I asked.

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

Heather Humphreys: We will monitor whether 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)

Heather Humphreys: Dublin Institute of Technology is included.

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

Heather Humphreys: It was allocated pro ratabased on the amounts originally allocated to the colleges.

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

Heather Humphreys: It is for a range of equipment to support research professors in the two universities.

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

Heather Humphreys: No, it is for a range of equipment.

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

Heather Humphreys: Enterprise Ireland has €17 million in savings on the capital expenditure side. A sizeable portion of the capital funding provisions across Enterprise Ireland, IDA Ireland and Science Foundation Ireland are multi-annual in nature. Typically, the agency's capital programme awards span a three to four-year period and sometimes longer. For example, it is a six-year period in the case of...

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

Heather Humphreys: We are dealing with 2017 budget and just want to be sure. The one thing we do not want to do is give money back to the Department of Public Expenditure and Reform. We are putting it into other spaces where we are going to spend it. The budget for next year has been decided and I have not yet got into all those figures. The thing about what is in front of us is that we want to spend...

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

Heather Humphreys: The money was available to the ODCE and the reason we are viring some of it out is there were pay savings due to staff vacancies and non-pay savings due to lower than anticipated legal costs. As that money is not going to be spent, we are moving it out. I do not have a full briefing note on the matter, but a reform of the ODCE has been announced and it is something on which I will be...

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

Heather Humphreys: It is not that we did not give them enough money; it is just that they did not spend it.

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

Heather Humphreys: Recruiting staff is becoming more difficult. That is part of the problem, as is retaining staff who may see opportunities in the private sector to which they move on. That is the situation when, thank God, we are at a level of unemployment of 6%.

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

Heather Humphreys: On my first appearance before the joint committee as the relevant Minister, I acknowledge the important contribution it makes to the development of enterprise policy. As we know, Ireland's reputation as a fantastic country in which to do business has been hard earned and owes much to our long-held, national, cross-party consensus that innovation, entrepreneurship and investment are in...

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

Heather Humphreys: Yes. The Department of the Taoiseach established a high level working group, comprising representatives of the relevant Departments, on this issue earlier in the year. The group is examining the many cross-departmental policy issues associated with these projects. My Department is represented on the group and we are bringing the enterprise development perspective and related analysis to...