Results 6,081-6,100 of 11,114 for speaker:Damien English

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: Is there definitely a demand for the seed capital money and will all of it be used?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: Is there an over-demand?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: How do companies which have received initial funding from Dublin BIC access further funding. Do they get access to finance credit also?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: Is Dublin BIC happy that the companies it has helped get to that stage do not have significant difficulty accessing funding thereafter or is there still a problem? When providing feedback, do they report they have a difficulty or are they successful?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: Are there other questions or concerns? No. Does Mr. Hobbs or Mr. Watson want to make any recommendations for the committee, which is looking at the different ways of accessing finance, credit, equity and investment? We have had some interesting presentations over the past couple of months and hope to produce a report in July on this issue making clear recommendations on change. I know...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: We had discussion on the pension reserve fund also and that funding may be available.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: We will leave it at that. I thank the witnesses for their presentation and their time. I apologise for changing the date and the time and thank them for facilitating us. We appreciate it.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: I must ask Mr. Hobbs to summarise the remainder of his contribution because several members have business to attend to in the Dáil Chamber soon but would like to ask questions before they leave.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: I thank Mr. Hobbs for what was a very interesting presentation.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: Is it your contention that the regulation exists and that only direction and clarity in that area are required, not more rules and regulations? Am I correct?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: It is clear from all the presentations we have received on this topic over the last month or so that the financial capability of the applicant business and the standard applications are not good enough. That refers back to the amount of mentoring and business coaching required. Are you getting requests you cannot even look at or deal with? Are members telling you they need money? There...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: Investment bonds could be used in that area.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: Does anybody wish to make concluding comments?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: I appreciate that. The committee intends to produce a report on this issue in July. We have received many presentations and there will be another one today. There will be a number of other hearings over the rest of June. We hope to give the report, which will include recommendations, to the Department. Some of the recommendations will require more work and we might refer back to you on...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion with Dublin Business and Innovation Centre. (5 Jun 2014)

Damien English: I welcome Mr. Alex Hobbs, fund portfolio manager, and Mr. Richard Watson, investment manager, of Dublin Business Innovation Centre. My apologies for being late. It is hard to judge the times for these meetings but if you need to leave the meeting at a certain time, let me know and we can conclude at that time. Before hearing your presentation I must inform you about privilege. By virtue of...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: An investment bond, although a good way of getting money to SMEs, does not increase credit unions' business. Do credit unions want eventually to get to lending directly to SMEs or is the preference to go the investment route?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: The committee examined the idea of a business bank a couple of years ago.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: I think Deputy Conaghan is trying to express the view of most members that everybody recognises the great work credit unions do and welcomes that they are seeking to play a greater role in terms of SME lending. It is not possible for us to discuss today the past and future role of credit unions.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: Would Mr. McConville like to comment?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (5 Jun 2014)

Damien English: Am I correct that the commission has identified a role for credit unions in this area but this is not being encouraged by the registrar? Mr. Johnson referred in his presentation to the relationship between the credit unions and the local enterprise boards not being encouraged by the registrar?