Jonathan O'Brien (Cork North Central, Sinn Fein)
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112. To ask the Minister for Jobs, Enterprise and Innovation the findings and recommendations of the external review of the partial loan guarantee scheme; and if he will make public the full review. [42622/13]

Richard Bruton (Dublin North Central, Fine Gael)
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I gave a commitment to review the Credit Guarantee Scheme (CGS) after 12 months of operation. The Scheme has been operational since 24 October 2012. As at 4^th October there were 69 live CGS facilities resulting in €9.7m being sanctioned through the Scheme by the participating lenders resulting in 433 new jobs being created and 139 jobs maintained.

As take-up continued to be slow, the Scheme was recently independently reviewed with a view to identifying the reasons for this and recommending changes to the Scheme design. The Review included detailed consultations with all key stakeholders. A Steering Group, chaired by my Department, is currently assessing the expert Review and will shortly report back to me outlining what action needs to be taken to amend the Scheme. I intend to publish the Review once this assessment is complete.