Dáil Éireann Debate, Tuesday - 25 September 2012
168. Deputy Pearse Doherty asked the Minister for Jobs; Enterprise and Innovation the actual launch date of the temporary partial credit guarantee scheme which he announced in April 2012; the number of applications received to date under this scheme; and the total value of loans advanced under the scheme. [40280/12]
View answer169. Deputy Pearse Doherty asked the Minister for Jobs; Enterprise and Innovation in relation to the temporary partial credit guarantee scheme if he will provide an overview of marketing initiatives undertaken to notify and inform the target audience about the scheme [40281/12]
View answer170. Deputy Pearse Doherty asked the Minister for Jobs; Enterprise and Innovation in relation to the temporary partial credit guarantee scheme the expected annual value of the contract with a company (details supplied) for the oversight, management and operation of the scheme; and in relation to the tendering process and appointment of the company, the total number of tenders submitted. [40282/12]
View answerI propose to take Questions Nos. 168 to 170, inclusive, together.
As the Deputy will be aware, the Credit Guarantee Act 2012 was passed by both Houses of the Oireachtas and signed into law by the President in July 2012. The Act was commenced and came into operation on 30 August 2012. I have now made, with the consent of my colleagues the Minister for Finance and the Minister for Public Expenditure and Reform, a scheme under section 5 of the Act and officials in my Department are working on the final arrangements to launch the scheme. The scheme launch is imminent.
Regarding the cost of the operator, I announced last April that the contract for the practical oversight, management and operation of the scheme was awarded to Maynooth-based company Capita Asset Services following a competitive tendering process. It is expected that the annual cost under the contract will be €199,000.
