Dáil Éireann Debate, Tuesday - 25 February 2014
364. Deputy Terence Flanagan asked the Minister for Jobs, Enterprise and Innovation if his Department has supports in place to encourage peer-to-peer lending; and if he will make a statement on the matter. [8982/14]
View answerThe Action Plan for Jobs 2013 set out a range of commitments with regard to access to finance, including a commitment to investigate the potential for alternative funding mechanisms including peer to peer lending, supply chain finance and crowdfunding. Along with supporting the more traditional models of financing, this would support the need for a broad and diversified range of financing mechanisms. This is in recognition of the need for a mix of instruments to address the various types of business operating in Ireland and also the various growth phases of a business. The Action Plan for Jobs 2014 will build on the work undertaken in 2013 in this area.
