Dessie Ellis
Question:79. Deputy Dessie Ellis asked the Minister for Jobs; Enterprise and Innovation when the credit guarantee scheme will be operational. [41614/12]
View answerTuesday, 2 October 2012
Questions (79)
Written answers
As the Deputies will be aware, the Oireachtas enacted the Credit Guarantee Act 2012 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 necessary scheme under section 5 of the Act. The Scheme, which is Statutory Instrument number 343 of 2012, was laid before the Oireachtas on 13 September.
Officials in my Department are working on the final arrangements in conjunction with the participating banks and the Operator of the Scheme, Capita Assets Services, and the scheme launch is imminent.