Dara Calleary (Mayo, Fianna Fail)
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327. To ask the Minister for Jobs, Enterprise and Innovation the value of drawdowns issued under the Credit Guarantee Scheme on 31 December 2014; on 30 September 2015; the value of approvals on these dates; for a breakdown of each drawdown and approval, by county; the reasons for the delay in the legislation to review the Scheme; and if he will make a statement on the matter. [34690/15]

Richard Bruton (Dublin North Central, Fine Gael)
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Detailed reports on the operation of the Credit Guarantee Scheme are published on my Department’s website on a quarterly basis. The fourth quarter report for 2014 shows that the amount of facilities sanctioned as at 31 December 2014 was €21.972m. However, arising from customer deadlines, ineligible applications, cancellations by customers and delays on customer consent to data sharing, the total amount of CGS facilities at 31 December 2014 was €16.050m. In parallel with this initiative, a series of other non-bank Government backed funding sources for SMEs have been provided. These measures, in tandem with the many other actions contained in the annual Action Plan for Jobs process, have helped an extra 125,000 people back in to work since the first Action Plan has launched in February 2012.

Activity by Region is also detailed in the Report with 49.7% going to the East region, 13.6% going to the South West, 12.2% to the South East, 9.3% to the Midlands, 8.6% to the Mid West, 4% to the West, 2.2% to the North East and 0.4% to the North West.

The third quarter report for 2015 is currently being finalised and will be published in the near future. It will be a comprehensive report on the lines of previous reports.

The Deputy will be aware that the Credit Guarantee (Amendment) Bill, 2015 was published on 16 September 2015 to respond to the review of the earlier legislation on this topic. Detailed legal work on the Bill was required prior to finalisation and to facilitate the implementation of a role for the SBCI in the operation of the Scheme. This work is currently being finalised and the legislation will be introduced in the House in the near future.