Eamon Scanlon (Sligo-Leitrim, Fianna Fail)
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99. To ask the Minister for Jobs, Enterprise and Innovation the eligibility details of the Brexit loan scheme; the rates that will be available; the loan limits that will apply to borrowers; when the scheme will open for applications; and if she will make a statement on the matter. [47775/17]

Frances Fitzgerald (Dublin Mid West, Fine Gael)
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The Brexit Loan Scheme will provide affordable working capital financing to Irish businesses that are either currently impacted by Brexit, or will be in the future. The Scheme will be delivered by the Strategic Banking Corporation of Ireland (SBCI) through commercial lenders to get much needed working capital into Irish businesses.

The criteria for the Brexit Loan Scheme, including the collateral requirements, are still being finalised. Broadly, the Scheme will be open to businesses of up to 499 employees, which can also demonstrate that they are significantly exposed to the impact (or potential impact) of Brexit. They must be a viable business, doing business in Ireland, and they must have a business development strategy. They must also use the loan to meet working capital or cash flow requirements. The scheme will be open both to State Agency clients and those businesses that do not have any relationship with State Agencies.

I will be outlining more details on the scheme later this week.