Small and Medium Enterprises Supports

Dáil Éireann Debate, Wednesday - 30 April 2014

Wednesday, 30 April 2014

Questions (269, 270)

Aodhán Ó Ríordáin

Question:

269. Deputy Aodhán Ó Ríordáin asked the Minister for Jobs, Enterprise and Innovation if he will provide, in tabular form, the number of applications that have been granted under the credit guarantee scheme, CGS, since the last quarterly report on 30 September 2013; the amount in euro that has now been approved in total under auspices of the CGS; if he will enact policies to improve the level of take-up in respect of the CGS; and if he will make a statement on the matter. [19251/14]

Aodhán Ó Ríordáin

Question:

270. Deputy Aodhán Ó Ríordáin asked the Minister for Jobs, Enterprise and Innovation if he will provide, in tabular form, the number of loans that have been approved under the microenterprise loan fund scheme since Microfinance Ireland last published results at 31 December 2013; the total amount, in euro, that has been approved for lending under this scheme; the current total number of approved or declined applications under this scheme; and if he will make a statement on the matter. [19252/14]

Written answers

Minister for Jobs, Enterprise and Innovation

I propose to take Questions Nos. 269 and 270 together.

As of 31st December 2013 the SME Credit Guarantee Scheme (CGS) has seventy-two live facilities resulting in €9.78m being sanctioned through the scheme by the participating lenders resulting in 401 new jobs being created and 236 jobs being maintained. My Department publishes quarterly progress reports on the SME Credit Guarantee Scheme on my Department’s website www.enterprise.gov.ie. The progress report detailing the analysis and performance for the quarterly period ending 31st December 2013 is available on my Department’s website. I intend to publish the next progress report for the period to 31st March 2014, once the report has been finalised.

As of 31st December 2013 Microfinance Ireland (MFI) has approved 139 applications to the value of €2.159m supporting 313 jobs. My Department publishes quarterly reports on the progress of MFI on the Department’s website www.enterprise.gov.ie. The 2013 4th quarter progress report on MFI showing a detailed analysis for year ending 31st December 2013 is available on my Department’s website. The next quarterly report for the period to 31st March 2014 will be published shortly.