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Written Answers — Department of Enterprise, Trade and Employment: Future Growth Loan Scheme (3 Feb 2021)

Leo Varadkar: The Future Growth Loan Scheme was established in April 2019 for SMEs and small midcaps (businesses of up to 499 employees) seeking access to finance for long-term strategic investment. It is delivered by the SBCI through participating finance providers on behalf of the Department of Enterprise, Trade and Employment and the Department of Agriculture, Food and the Marine. From launch,...

Written Answers — Department of Enterprise, Trade and Employment: Trading Online Voucher Scheme (3 Feb 2021)

Leo Varadkar: The Trading on Line voucher scheme was transferred into my Department from the Department of Environment, Climate and Communications at the start of this year under a new sanction from the Department of Public Expenditure and Reform.  The new sanction included a revised contribution model at a rate of 50% grant and 50% own resource contribution given budgetary and cost inflation...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic Supports (3 Feb 2021)

Leo Varadkar: The COVID-19 Credit Guarantee Scheme (CCGS) has €2 billion in lending available for Irish businesses and is the largest guarantee scheme in the history of the State.  Its function is to add certainty to businesses that funding is available for working capital and investment purposes. Loans of up to €1 million are available for up to five and a half years at reduced interest...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Disputes (3 Feb 2021)

Leo Varadkar: I extend my sympathies to the workers in Debenhams who have lost their jobs. I fully appreciate how difficult the situation is for those involved and their families. While the Government cannot interfere with the High Court-overseen liquidation process, it has always sought to ensure that the concerns of workers are heard, and that the State’s welfare, employment and training...

Written Answers — Department of Enterprise, Trade and Employment: Health and Safety Inspections (3 Feb 2021)

Leo Varadkar: Between 10 September 2020 and 22 January 2021 the Health and Safety Authority (HSA) has completed 150 inspections of meat processing plants, of which 149 inspections were unannounced.  In addition, as of 22nd of January 2021, Inspectors from the Department of Agriculture, Food and the Marine have completed 645 Covid-19 inspections on behalf of the HSA, including unannounced inspections,...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic (3 Feb 2021)

Leo Varadkar: The Work Safely Protocol sets out the minimum public health measures required for every place of work to prevent the spread of COVID-19 and to facilitate the re-opening of workplaces following temporary closures and the ongoing safe operation of workplaces. In instances where an employee begins to show symptoms of infection with COVID-19 while at work, or an employer is made aware of an...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic (3 Feb 2021)

Leo Varadkar: Under Level 5 of the Plan for Living with COVID-19, only essential retail outlets will remain open.  Further information can be found on https://www.gov.ie/en/publication/2dc71-level-5/.  The decision to move to full scale Level 5 was not taken lightly and all factors were considered. All measures in Level 5 will stay in place until at least March 5 2021. S.I. No. 701 of 2020 Health...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic Supports (3 Feb 2021)

Leo Varadkar: The COVID-19 Credit Guarantee Scheme (CCGS) has €2 billion in lending available for Irish businesses and is the largest guarantee scheme in the history of the State.  Its function is to add certainty to businesses that funding is available for working capital and investment purposes. Loans of up to €1 million are available for up to five and a half years at reduced interest...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic Supports (3 Feb 2021)

Leo Varadkar: The Restart Grant Plus Scheme closed to new applications on 31 October 2020 and was administered by the local authorities. There are no mechanisms in place to allow late applications and the scheme has been superseded by a number of measures in Budget 2021. The Revenue Commissioners’ Covid Restrictions Support Scheme, or ‘CRSS’, effectively replaced the Restart...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic Supports (3 Feb 2021)

Leo Varadkar: We know the significant effects on business of the current Level 5 restrictions. Budget 2021 provides a significant package of tax and expenditure measures to build the resilience of the economy and to help vulnerable but viable businesses across all sectors. My Department and its agencies have been focused on coming up with solutions to help businesses overcome the difficulties caused by...

Written Answers — Department of Enterprise, Trade and Employment: Derelict Sites (3 Feb 2021)

Leo Varadkar: My Department, through Enterprise Ireland and the Local Enterprise Offices, provides both financial and non-financial support to companies to help them incorporate sustainable and lean practices. A range of such energy related financial assistance provided by Enterprise Ireland includes: GreenStart The GreenStart programme, administered by Enterprise Ireland, is designed for existing...

Written Answers — Department of Enterprise, Trade and Employment: Covid-19 Pandemic Supports (3 Feb 2021)

Leo Varadkar: I am keenly aware that businesses are continuing to make massive sacrifices to protect their communities and I am committed to ensuring that the Government will offer as much assistance and support as possible. My Department has worked to ensure that appropriate supports are in place for businesses that require finance as they develop their response to their exposure to impacts arising from...

Written Answers — Department of Enterprise, Trade and Employment: Trading Online Voucher Scheme (3 Feb 2021)

Leo Varadkar: The Trading on Line voucher scheme was transferred into my Department from the Department of Environment, Climate and Communications at the start of this year under a new sanction from the Department of Public Expenditure and Reform.  The new sanction included a revised contribution model at a rate of 50% grant and 50% own resource contribution given budgetary and cost inflation...

Written Answers — Department of Enterprise, Trade and Employment: Employment Rights (3 Feb 2021)

Leo Varadkar: Section 12A of the Redundancy Payments Act 1967 is the emergency provision which suspends an employee’s entitlement to claim redundancy from their employer, following certain periods of lay-off or short time work due to Covid-19, for the duration of the emergency period. The decision to extend this suspension to 31st March 2021 was a difficult one to make and was disappointing for...

Written Answers — Department of Enterprise, Trade and Employment: Trade Strategy (3 Feb 2021)

Leo Varadkar: I believe the Deputy's Question may relate to the application and operation of the European Union's Safeguard Measures on steel, which have been in operation since July 2018. The EU’s Safeguard Measures for steel were initiated in July 2018 in response to the United States applying a 25% tariff on steel imports originating from 3rd countries, including the European Union. This...

Written Answers — Department of Enterprise, Trade and Employment: Future Growth Loan Scheme (3 Feb 2021)

Leo Varadkar: The Future Growth Loan Scheme makes lending available to eligible SMEs and small mid-caps seeking financing for long-term strategic investment, including in response to the impacts of Brexit and COVID-19.  The scheme was launched in April 2019 and initially made available up to €300m in lending to be delivered over a three-year window. However, following a rapid uptake of...

Written Answers — Department of Enterprise, Trade and Employment: Future Growth Loan Scheme (3 Feb 2021)

Leo Varadkar: The Future Growth Loan Scheme makes lending available to SMEs and small mid-caps (up to 499 employees) seeking financing for long-term strategic investment, including in response to the impacts of Brexit and COVID-19.  The scheme initially made available up to €300m in lending, however it was expanded by €500m in July of 2020 in response to the impacts of the...

Written Answers — Department of Enterprise, Trade and Employment: Future Growth Loan Scheme (3 Feb 2021)

Leo Varadkar: The Future Growth Loan Scheme makes lending available to SMEs and small mid-caps (up to 499 employees) seeking financing for long-term strategic investment, including in response to the impacts of Brexit and COVID-19.  The volume of lending allocated to each lender participating under the scheme was determined as part of a competitive “open call” process operated by the...

Written Answers — Department of Enterprise, Trade and Employment: Future Growth Loan Scheme (3 Feb 2021)

Leo Varadkar: The Future Growth Loan Scheme makes lending available to SMEs and small mid-caps (up to 499 employees) seeking financing for long-term strategic investment, including in response to the impacts of Brexit and COVID-19.  The Future Growth Loan Scheme provides for a total of €800 million in lending through participating financial providers. As of the 29 of January 2021, 3,024...

Written Answers — Department of Enterprise, Trade and Employment: Future Growth Loan Scheme (3 Feb 2021)

Leo Varadkar: The Future Growth Loan Scheme makes lending available to SMEs and small mid-caps (up to 499 employees) seeking financing for long-term strategic investment, including in response to the impacts of Brexit and COVID-19.  The volume of lending allocated to each lender was determined as part of a competitive “open call” process operated by the Strategic Banking Corporation...

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