Results 1,701-1,720 of 4,491 for speaker:John Perry
- Written Answers — County Enterprise Boards: County Enterprise Boards (22 Nov 2011)
John Perry: The issue of restructuring the County and City Enterprise Boards (CEBs) is under consideration within my Department and various options have been considered. It is my intention, however, to ensure that any opportunity presented by CEB restructuring will not simply be about reducing or changing the numbers of CEBs in existence but will be used as an opportunity to fundamentally reform,...
- SME Sector (22 Nov 2011)
John Perry: A key priority of the programme for Government is to ensure an adequate supply of credit is available to fund small and medium-sized enterprises. Work is well advanced in my Department on realising our commitments in terms of the temporary partial credit guarantee scheme and the micro-finance loan scheme. The design phase of the temporary partial credit guarantee scheme has been completed...
- SME Sector (22 Nov 2011)
John Perry: Regarding the 200,000 small companies and the credit supply of â¬30 billion for business, the banks will be monitored closely. Many are employed in small companies. Thanks to the legacy of the previous Government, small companies are encountering difficulties because of a lack of demand. Companies which were viable three years ago are now under considerable pressure.
- SME Sector (22 Nov 2011)
John Perry: The micro-finance loan scheme is before the Government and will be sufficient to meet demand. Each loan will provide up to â¬25,000 for start-up companies and people with ideas in order that enterprise might be encouraged. The scheme will be important, as the banks are not meeting the level of demand. I agree with the Deputy that all the evidence indicates that people are experiencing...
- SME Sector (22 Nov 2011)
John Perry: Does the Deputy mean in the loan?
- SME Sector (22 Nov 2011)
John Perry: I am open to correction, but the ratio will be 50:50.
- SME Sector (22 Nov 2011)
John Perry: The exact figure must be signed off by the Government. It is not for me to announce it in the Chamber. When the scheme is announced by the Government, the figure will be more than adequate to meet demand.
- SME Sector (22 Nov 2011)
John Perry: There are several options at the moment and the â¬32 billion ring-fenced over a three-year period for SMEs is very important. The taxpayer and the Government have recapitalised the banks. It is critically important for domestic banks to have profitable SMEs and SMEs need good banks. It is a win-win situation. The banks are duty bound. On the basis of my discussions with banks and based...
- SME Sector (22 Nov 2011)
John Perry: The last Administration promised it for two years.
- SME Sector (22 Nov 2011)
John Perry: The people who did not cause the recession are the people now paying a huge price. This is the legacy of the last Government, which closed the viability of small businesses.
- SME Sector (22 Nov 2011)
John Perry: We will do much more than the last Administration, which did nothing for small businesses.
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: The design phase of a temporary partial credit guarantee scheme has been completed and formal proposals will be brought to Cabinet shortly. Once the design of the scheme is approved by the Government, there will then be a further request for tender published to select an operator to allow for the roll out of the scheme over the coming months. In parallel with the work taking place on the...
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: The scheme will be rolled out in the first quarter of next year. We have to have confidence in the banks because how can they make profit without viable SMEs, which represent the backbone of their business? This partial loan guarantee will not be a substitute for bank lending. It will only guarantee loans for businesses with, for example, a new market or product range where there is a...
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: The day of the bank just giving money and standing back and hoping it will work are gone.
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: It is important that the bank take responsibility also.
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: The Taoiseach, the Minister for Finance, Deputy Noonan, and the Minister for Jobs, Enterprise and Innovation, Deputy Bruton, met representatives of the banks in the past ten days to discuss their obligation to invest in companies. If we consider the principles of any business, the taxpayer has put money into the banks and therefore the banks are obliged to put money into companies which in...
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: This is about the potential for new business. I assure the Deputy that the Government is determined that the banks will play a critical role in kick-starting the domestic economy. It is very important to get confidence and credit. Unfortunately they are both linked. There is a great lack of confidence. There are 650,000 people working in small companies. We need to give confidence to...
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: That is why we need certainty. The banks will need to play a role and will be very much benchmarked by the Government as to what they are doing. I will come back to the Deputy again on this.
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: In response to Deputy O'Dea's question as to who will take the decision, there will need to be due diligence of the business plan. It will be in collaboration with the Department, which will have a critical recommendation on this along with the bank and the business's accountant. That will be very much a win-win situation. That level of mentoring will assist with the viability and will...
- Credit Guarantee Scheme (22 Nov 2011)
John Perry: That is not the answer to all the problems.