Ivor Callely
Question:156 Mr. Callely asked the Minister for Enterprise and Employment the number of new jobs that were created from the last ICC Bank subsidised loan scheme; and if he will make a statement on the matter. [14409/95]
Written Answers. - ICC Loan Scheme.
Job creation and or maintenance of jobs at risk was one of the main appraisal criteria for the small business expansion loan scheme operated by the ICC Bank. As part of the assessment system potential borrowers were vetted with reference to the employment potential of the proposed investments. The latest information I have from ICC is that 3,716 new jobs are attributable by borrowers to the scheme. If one includes jobs which were assessed to be at risk one gets a total of 4,814 jobs created and/or maintained directly attributable to the scheme. While incremental employment is, perhaps, the most important indicator it is also important to mention that the scheme has engendered considerable investment with resultant security and growth in small business.