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Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: I am talking about in relation to this issue.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: Yes.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: I can take it that the witnesses' organisations are well organised and have engaged with senior officials, the Government and the Taoiseach. When these schemes are announced, however, they fall far short of addressing microbusinesses and all the way up to the medium-to-large SMEs. Is there a failure on the side of the Government to understand the case being made or is there a failure on the...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: Yes, but I do not accept Mr. McCoy's statement about businesses having to open to understand what they need. Bus and coach operators tell us exactly what they need regarding specific supports for their sector. The Vintners Federation of Ireland will tell us exactly what the vintners need. I also refer to the chambers of commerce. Carlow Chamber of Commerce and many other chambers of...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: I do not need one either.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: There is no money there and IBEC does not know what the future will hold.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: I cannot take out a loan from the bank or elsewhere because we are not too sure about it either. I respect the work done by IBEC and ISME, but they must be far more active in respect of delivery on one side and in telling Deputies what is not being done on the other side. I would like to hear from Mr. McDonnell on those matters because he was critical of-----

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: I will cut across Mr. McDonnell because I only have 52 seconds left. I am delighted to hear him say all of that because I presume he will contest those schemes with the Government-----

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: -----as will I. My point is that one must get to the crux of the problem. For example, how will retailers carrying €1 million of seasonal stock get rid of it and prepare themselves for the next season or for Christmas? Not enough is being done. Mr. McDonnell stated that SMEs, particularly micro-businesses, do not fit easily into the schemes on offer and that, when it is analysed,...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: Have there been any discussions with the credit union movement? It has assets of €18 billion and is willing to get involved in supporting commercial loans. The credit unions want to play their part in the recovery after Covid-19. What discussions have there been with the credit union movement?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: When do the witnesses expect a decision to be made to not just engage with the credit unions, but to assist them with putting their €18.5 billion in assets into play in order to support businesses in their areas? They have a methodology for assessing and dealing with loans and they know their customers. There has been a great deal of talk about supporting micro-enterprises. Using...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: It is currently reliant on legislation.

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: On the SBCI, I understand that it deals with applications efficiently and well and that all of the roadblocks for proposals from businesses arise when the pillar banks get involved. There is a requirement to secure 20%, the banks are not too pushed about getting involved and they are stalling on applications. Is that the experience of the Department? Does it have evidence in that regard?

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: There has been a reluctance on the part of the banks to engage in a way that would convince me or others that they have skin in the game and are willing to deal with these loans. In fact, the opposite has been the experience. Will the Department look at another mechanism such as a community banking system, the credit unions or any other outlet that would provide some sort of competition to...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: Sorry for interrupting. I know that. I am trying to give Dr. Quinn a sense of the urgency that is required in the context of businesses that have to make a decision for today or tomorrow. The discussions that are going on in numerous areas are simply taking too long. Businesses will not be able to withstand the inefficiencies in the Government or its agencies in regard to dealing with...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: Will Dr. Quinn tell me if the local enterprise offices are funded significantly enough to deal with all of the schemes under their remit? There are some issues in regard to the new restart grant scheme which have been brought to my attention by the chambers of commerce and, in particular, the chamber of commerce in Carlow has written to me. A number of other businesses have written to me in...

Special Committee on Covid-19 Response: Reopening the Economy: Supports for Business (9 Jun 2020)

John McGuinness: As my time is up, I want to put two things on the record. First, much more needs to be done with micro businesses throughout the country to deal with their needs today and tomorrow. Second, the Department needs to engage with the Department of Health on the mental health issues arising from Covid-19. Businesses are having huge difficulty, and employees are having difficulty, in this area...

Covid-19 (Education and Skills): Statements (4 Jun 2020)

John McGuinness: Part of the recovery for the south east will be the approval for the technological university involving the institutes of technology in Carlow and Waterford. What action will the Minister take to ensure they conclude negotiations and resolve their issues so that they can play a central role in the recovery of our economy in that area? Will he provide the necessary finance and professional...

Written Answers — Department of Finance: Tax Collection (3 Jun 2020)

John McGuinness: 90. To ask the Minister for Finance the amount of VRT and other tax liabilities collected on behalf of the Revenue Commissioners by NCT centres since a company (details supplied) was appointed to do so; when the tax collected by the company is transferred to the Revenue Commissioners; the amount outstanding; and if he will make a statement on the matter. [9068/20]

Written Answers — Department of Education and Skills: Schools Building Projects Applications (3 Jun 2020)

John McGuinness: 254. To ask the Minister for Education and Skills if his Department has assessed the need for two new mainstream classrooms, one special education teaching room, large-scale refurbishment of existing buildings and associated redevelopment of the grounds of a school (details supplied); the status of the two applications to have the works approved and funded; if his officials have engaged with...

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