Results 3,461-3,480 of 8,928 for speaker:Hildegarde Naughton

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: The Department is in the process of setting up this new financial instrument.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: Yes.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: The information I have to hand is that this financial instrument will involve an investment of approximately €40 million from the EU recovery and resilience facility and approximately €20 million of the Exchequer's own resources to provide an upfront payment for losses expected during the lifetime of the guarantee scheme.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: The payment of this first loss piece, as it is called, will enable the participation of the SBCI and the EIB Group in the financial instrument and will leverage a lending portfolio of approximately €400 million. That is the latest estimate. Subject to finalisation of the financial instrument development-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: Yes.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: Yes.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: I will try to get the Chairman that information.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: They might. I apologise as this is the Minister, Deputy Ryan's side of the House. The commercial banks lend money to the consumer and then the banks rates are cheaper due to the SBCI guarantee. I will come revert to the Chairman with more detailed information.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: I will have to come back to the Chair. I do not want to give him false information on it. When the Minister, Deputy Ryan, returns I will get him to give the Chair a detailed-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: Some people do not come under the remit of the warmer homes scheme. Their income is higher than the threshold. It is to help people who cannot-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: It will be launched early next year. The national retrofit scheme will be launched in early 2022. I will come back to the Chair with details. It is on the Minister's side of the house and I do not want to be giving any information-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: I will relay that back. I will come back to the Chair with more details on the loan scheme.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: It is important. If we want people to retrofit their homes we need to put in place low-interest loans and incentivise to do this people who can pay for some of it but not all of it.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: I would hope so. I will have to go back to the Minister, Deputy Ryan. There are similar issues in my constituency. People who got the walls pumped, minor attic insulation or minor works are now told they are not eligible for retrofitting or for the grant schemes. The issues that are being raised here today can be incorporated into future low-interest loans. Many of these people can...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: This funding has been on our budget and allocated every year. This is testament to our commitment to supporting the A5 project. As the Deputy knows, the Northern Ireland Department for Infrastructure published the interim report of the Planning Appeals Commission inquiry into the A5. The Minister, Ms Mallon, has accepted the commissioner's key recommendation on the need for further work,...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: When the Deputy raised it last we were at the height of the Covid pandemic. Many of these centres are trying to manage the office throughput and trying to carry out tests. They have had to make sure these centres were not closed down because of the huge impact this would have on essential workers trying to get driving tests. Like every workplace there were health and safety protocols in...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: Yes.

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: Yes, I have. We are working across Government on this. There are certain levers we can pull in the Department of Transport but we need to work with the Department of Finance to see what could be workable while not having any unintended consequences. We have the diesel rebate scheme. Businesses may claim VAT back in respect of petrol or motoring costs. We also have the alternative fuel...

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: The Department of Finance has responsibility for that. All of us, including the Minister, Deputy Ryan, are working in relation to-----

Select Committee on Transport, Tourism and Sport: Estimates for Public Services 2021
Vote 29 - Environment, Climate and Communications (Supplementary)
Vote 31 - Transport (Supplementary) (25 Nov 2021)

Hildegarde Naughton: The Department of Finance covers it.