Written answers

Thursday, 24 November 2016

Department of Jobs, Enterprise and Innovation

Export Credit Support

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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263. To ask the Minister for Jobs, Enterprise and Innovation the export credit support that is provided to Irish exporters; and if she will make a statement on the matter. [36795/16]

Photo of Mary Mitchell O'ConnorMary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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The issue of finance for exports is an ongoing concern for this Government and it has been addressed in the Action Plan for Jobs over the last two years.

A high level group consisting of the Department of Finance, Department of Jobs, Enterprise & Innovation, Enterprise Ireland, Strategic Banking Corporation of Ireland and Ireland Strategic Investment Fund was established to progress the development of an export finance strategy for Ireland and arising from the work of that group it is proposed to roll out a Working Capital Guarantee Product in 2017 to support Irish exporting SMEs.

The pilot programme will run for an initial period of one year and its uptake and effectiveness will be assessed in order to determine the real demand from SMEs for export finance support.

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