Written answers
Wednesday, 21 April 2021
Department of Enterprise, Trade and Employment
Brexit Supports
Marian Harkin (Sligo-Leitrim, Independent)
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180. To ask the Minister for Enterprise, Trade and Employment the amount drawn down by Irish businesses from the Brexit loan scheme to date; the sectors in which the loan has been accessed; and the geographical distribution of loan recipients per NUTS III region, cross referenced with loan values. [19406/21]
Leo Varadkar (Dublin West, Fine Gael)
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The Brexit Loan Scheme makes available working capital lending to eligible businesses that are exposed to impacts arising from the UK’s withdrawal from the EU. The scheme was developed in cooperation with the Department of Agriculture, Food and the Marine and is operated by the Strategic Banking Corporation of Ireland(SBCI).
Loans under the scheme range from €25,000 to €1.5m for terms of up to three years and are offered at favourable terms compared to otherwise similar lending in the market. For example, there is no security required on loans of up to €500,000 and loans under the scheme are offered at a maximum interest rate of 4%. Government has approved an extension for this scheme so that it may continue to operate until the end of December 2021.
Granular information on the uptake of the scheme, including the geographical and sectoral distribution of loan recipients, is provided by the SBCI on a quarterly basis. As of the most recent quarterly report (to end December 2020), 282 loans had progressed to sanction under the scheme to a value of €57.5m. 277 of these loans had so far been drawn, to a value of €55.2m.
Please find attached tables setting out full details relating to the breakdown of industry sector data, as well as the requested NUTS III regional breakdown of businesses that have accessed funding under the scheme.
Brexit Loan Scheme, Q4 2020
Activity by Industry Sector:
| Industry Sector | Loans Drawn | |||
|---|---|---|---|---|
| No. | %* | Value | %* | |
| Agriculture, Forestry & Fishing | 4 | 1% | € 550,000 | 1% |
| Mining & Quarrying | 1 | 0% | € 50,000 | 0% |
| Manufacturing | 84 | 30% | € 22,973,500 | 42% |
| Electricity, Gas, Steam & Air Conditioning Supply | 2 | 1% | € 110,000 | 0% |
| Water Supply, Sewerage & Waste Management | 2 | 1% | € 55,000 | 0% |
| Construction | 14 | 5% | € 3,465,000 | 6% |
| Wholesale & Retail Trade | 69 | 25% | € 10,110,800 | 18% |
| Transportation & Storage | 5 | 2% | € 1,442,950 | 3% |
| Accommodation & Food Service Activities | 3 | 1% | € 155,000 | 0% |
| Information & Communication | 62 | 22% | € 12,575,500 | 23% |
| Financial & Insurance Activities | 2 | 1% | € 90,000 | 0% |
| Real Estate Activities | 1 | 0% | € 60,000 | 0% |
| Professional, Scientific & Technical Activities | 16 | 6% | € 1,944,000 | 4% |
| Administrative & Support Service Activities | 6 | 2% | € 480,500 | 1% |
| Public Admin | 0 | 0% | €0 | 0% |
| Education | 3 | 1% | € 960,000 | 2% |
| Human Health & Social Work | 3 | 1% | € 215,000 | 0% |
| Arts, Entertainment & Recreation | 0 | 0% | €0 | 0% |
| Other Services Activities | 0 | 0% | €0 | 0% |
| Total | 277 | 100% | € 55,237,250 | 100% |
* Figures are expressed as a % of the relevant status (i.e. Approved or Ineligible). Rounding differences may exist.
Activity by Region:
| Region | Loans Drawn | |||
|---|---|---|---|---|
| No. | %* | Value | %* | |
| Border | 36 | 13% | € 6,450,000 | 12% |
| Midland | 10 | 4% | € 2,180,500 | 4% |
| West | 20 | 7% | € 4,745,500 | 9% |
| Dublin | 102 | 37% | € 19,405,750 | 35% |
| Mid-East | 47 | 17% | € 8,577,500 | 16% |
| Mid-West | 15 | 5% | € 2,199,000 | 4% |
| South-East | 20 | 7% | € 4,465,000 | 8% |
| South-West | 27 | 10% | € 7,214,000 | 13% |
| Total | 277 | 100% | € 55,237,250 | 100% |
* Figures are expressed as a % of the relevant status (i.e. Approved or Ineligible). Rounding differences may exist.
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