Tuesday, 4 February 2014

Questions (183)

Pearse Doherty


183. Deputy Pearse Doherty asked the Minister for Finance further to a Parliamentary Question of 28 January 2014 if he will provide the nature of the consultancy contract awarded to a company (details supplied) and a description of the work carried out; and if he will make a statement on the matter. [5481/14]

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Written answers (Question to Finance)

As the Deputy may be aware, my Department commissions biannual SME credit demand surveys, securing completed responses from 1,500 SMEs, to ascertain the situation in relation to:

- the demand for credit from SMEs;

- their level of knowledge on their rights in relation to credit;

- the reasons given for refusal of credit and;

- the failure of SMEs to seek credit.

Following a competitive tendering process, Red C were awarded the contracts to carry out these surveys for the periods October 2012, March 2013 and April 2013 and September 2013. The combined cost of these surveys was €118,572 in 2013. Bank of Ireland and Allied Irish Banks reimburse these costs to my Department. The most recent of these surveys is available on the Department of Finance website: http://www.finance.gov.ie/sites/default/files/Dept%20of%20Finance%20SME%20Credit%20Demand%20Survey%20Report%20-%20Apr-Sep%202013.pdf.

Questions Nos. 184 to 186, inclusive, answered with Question No. 158.