Written answers
Wednesday, 5 October 2011
Department of Finance
Credit Availability
9:00 pm
Seán Crowe (Dublin South West, Sinn Fein)
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Question 15: To ask the Minister for Finance the position regarding his review of access to finance for small and medium-sized enterprises; and if the findings of the review will be made public. [27668/11]
Michael Noonan (Limerick City, Fine Gael)
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As the Deputy may be aware, my Department published an invitation to tender for a telephone survey to ascertain the situation in relation to the demand for credit within the SME sector in Ireland on the "etenders" website on 21 September last. The closing date for receipt of tenders was noon today. The successful tenderer will conduct a survey, securing completed responses from 1,500 SMEs, to ascertain the situation in relation to:
· the demand for credit from SMEs;
· their level of knowledge on their rights in relation to credit;
· the reasons given for refusal of credit and;
· the failure of SMEs to seek credit.
The purpose of the survey is to provide data on the demand for credit by SMEs in the period April-September 2011.
The results of this survey, which will be submitted to my Department by mid November, will be a valuable resource in informing policy decisions in this area going forward. It is my intention to publish the findings of the survey in due course.
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