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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: Sorry, Deputy; on the second point, I am almost sure that portal is up and running. I have accessed a new piece on my telephone but I will allow Mr. Martin Shanahan to speak about it.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: I call Ms Maria Ginnity to speak on portal. We got nothing official on it. Perhaps she would say how it is going to be promoted.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: It islocalenterprise.ieand from there one goes to one local enterprise office. The question I have-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: It is localenterprise.ie. I do not want to put it on the record.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: I think it is in this paper.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: The question to Ms Maria Ginnity, for which she may not be directly responsible but on which she may be able to shed some light, is on a one-stop shop where people can access information that may be of help in supporting their business. Any private industry that is trying to promote a new commodity has a decent advertising campaign. Where are we at in respect of an advertising campaign of...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: Is this nothing more than a rehash? Sometimes the problem is not a lack of ideas and responses. Sometimes when there are new ideas or ways to promote or support, say, SMEs the budget line that is needed to promote any other commodity or concept does not follow. We have heard from our meetings here, and it is important for Forfás to hear this to advise the Department of Jobs,...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: With all due respect, an advertising campaign with a person with an advertising background is needed to promote the issue, because that website does not work. Depending on the chamber, its website may not be sufficiently updated. We are talking about the way a product is promoted such as in a supermarket store where it becomes popular and well known. Unless we are at the races-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: I thank the chief executive. I forgot to mention and extend a welcome to two members of Forfás seated in the Visitors Gallery. My notes tell me that they are Mr. Andrew Colgan and Ms Aideen Fitzgerald. I call Senator Quinn.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: I wish to comment on the point made about the strategic investment bank and my issue with it is based on a couple of aspects. We have discussed access to finance with other witnesses and there are banks that have not been lending to the extent that we would have liked them to do so. Now a fund has been given directly to these high street banks to lend more money but they have not been...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: Is the chief executive saying there are enough processes in place to find out how banks are lending? Is he saying that those in place will need more in order to have a full picture of how banks are lending and will lend into the future?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: Is the witness suggesting it may go elsewhere?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: Are there any final comments before we wrap up this part of the session?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: You are well ahead of most companies with that. I thank Ms Breheny, Mr. Flynn and Mr. Horgan for engaging with the committee today as part of our report on access to finance for small and medium enterprises. We appreciate them taking the time to come here today. The significant points made at the end, in particular, will be noted.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: The second session will be a discussion with representatives of Forfás regarding access to finance for SMEs.They are Mr. Martin Shanahan, chief executive; Mr. Adrian Devitt, manager for economic analysis, competitiveness, infrastructure and tax and finance policy; and Ms Maria Ginnity, manager for enterprise policy and evaluations. These are a couple of very long titles and there is...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: I thank Ms Breheny.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Business of Joint Committee (27 May 2014)

John Lyons: Apologies have been received from the Chairman and Deputy Calleary. The joint committee will enter into private session to deal with housekeeping matters.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Discussion (Resumed) (27 May 2014)

John Lyons: The first session this afternoon is a meeting with Ms Regina Breheny, director general of the Irish Venture Capital Association, to discuss access to finance for the SME sector. I welcome Ms Regina Breheny, Mr. Mark Horgan, chair of the association, and Mr. John Flynn, vice chair. I advise the witnesses that, by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected...

Written Answers — Department of Finance: VAT Exemptions (27 May 2014)

John Lyons: 116. To ask the Minister for Finance if a VAT waiver exists for renovation works on State-owned properties, such as those that have been leased out to groups for community use and are in the ownership of the Office of Public Works. [22677/14]

Written Answers — Department of Public Expenditure and Reform: VAT Rebates (27 May 2014)

John Lyons: 323. To ask the Minister for Public Expenditure and Reform if a VAT waiver exists for renovation works on Office of Public Works owned properties that have been leased out to groups for community use (details supplied). [22676/14]

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