Written answers

Thursday, 24 November 2016

Department of Agriculture, Food and the Marine

Agriculture Cashflow Support Loan Scheme

Photo of Charlie McConalogueCharlie McConalogue (Donegal, Fianna Fail)
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236. To ask the Minister for Agriculture, Food and the Marine when farmers who apply for the new agri loan scheme announced in budget 2017 can expect this lending facility to be operational in 2017; when successful applications will receive loans; and if he will make a statement on the matter. [36767/16]

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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I announced last week that the Strategic Banking Corporation of Ireland (SBCI) has invited banks and other lenders to take part in the "Agriculture Cashflow Support Loan Scheme". The closing date for this "Open Call" is 25 November 2016. My Department and the SBCI have been working closely on the Scheme and it is hoped that loans will be available through the participating financial institutions early in 2017.

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