Seán Ó Fearghaíl (Kildare South, Fianna Fail)
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Question 117: To ask the Tánaiste and Minister for Enterprise, Trade and Employment if she will consider correspondence (details supplied); and if she will make a statement on the matter. [11193/10]

Mary Coughlan (Donegal South West, Fianna Fail)
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I have given consideration to the correspondence submitted. The objective of the proposal is effectively to have the State assume the costs for non-performing property investments where business owners are paying back large mortgages for secondary properties. The suggestion is that normal repayments due in respect of these investments would be retained by the business person to spend on wages and PRSI to re-employ someone to grow the business. It is likely that any such scheme would prove to be very costly and would require significant administrative resources both in assessing individual assets and determining viable business prospects. I am not convinced that the scheme suggested represents the optimum solution in getting businesses access to finance.