Dáil Éireann Debate, Thursday - 18 January 2018
142. Deputy Michael McGrath asked the Minister for Business, Enterprise and Innovation the status of the €300 million Brexit loan scheme for SMEs announced in budget 2018; and if she will make a statement on the matter. [2424/18]
View answerThe Brexit Loan Scheme announced in Budget 2018 will provide affordable working capital financing to eligible Irish businesses that are either currently impacted by Brexit or will be in the future. Along with the SBCI and the Department of Agriculture, Food and the Marine, my Department is continuing to develop the Brexit Loan Scheme ahead of its planned launch in March of this year.
In December, the Strategic Banking Corporation of Ireland (SBCI) issued an “Open Call” for financial institutions to apply for designation as a lending partner under the Brexit Loan Scheme. The SBCI is currently reviewing the applications received from lenders seeking to participate in the Scheme. Eligible businesses will apply for the Scheme through the SBCI.
Further details will be released, as they are available, in the run up to the Scheme's launch in March.
