Written answers

Tuesday, 26 February 2019

Department of Finance

Strategic Banking Corporation of Ireland Data

Photo of Pat CaseyPat Casey (Wicklow, Fianna Fail)
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127. To ask the Minister for Finance the number of SMEs that received loan funding by firm size of less that ten, 11 to 49 and 50 to 249 employees, respectively, in tabular form. [9254/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s National Promotional Institution (NPI). The SBCI’s goal is to increase the availability of appropriately priced, flexible funding to viable Irish SMEs. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs that address failures in the Irish credit market, while encouraging and facilitating competition and innovation, and ensuring the efficient and effective use of European financial instruments. The SBCI achieves this aim through the provision of low cost liquidity and risk-sharing activities.

The Strategic Banking Corporation of Ireland commenced its activities in March 2015. SBCI has forwarded updated figures to my Department that show, to the end of December 2018, the total amount of SBCI supported lending activity (liquidity) was €900 million to 21,973 Irish SMEs supporting 141,677 jobs. Under the SBCI’s risk sharing schemes, €157 million has been drawn down by 4,299 SMEs supporting 7,132 jobs.*

Liquidity

Firm SizeNo. of EmployeesTotal Loans SupportedNo. of Businesses
Less than 1044,166€558,943,33719,223
11 to 4943,203€203,676,7941,998
50 to 24954,308€135,913,213572
Grand Total141,677€898,533,34421,973
Firm SizeNo. of EmployeesTotal Loans SupportedNo. of Businesses
Less than 1031%62%87%
11 to 4931%23%9%
50 to 24938%15%4%
Grand Total100%100%100%

Risk-Sharing

Firm SizeNo. of EmployeesTotal Loans SupportedNo. of Businesses
Less than 105,505€146,143,0434,258
11 to 49636€6,742,64432
50 to 249991€4,045,0009
Grand Total7,132€156,930,6874,299
Firm SizeNo. of EmployeesTotal Loans SupportedNo. of Businesses
Less than 1077%93%99%
11 to 499%4%1%
50 to 24914%3%0%
Grand Total100%100%100%
* Please note that these figures may be subject to revision as data received from finance providers is periodically reviewed and adjusted, as necessary.

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