Export Credit Insurance

Dáil Éireann Debate, Tuesday - 12 March 2019

Tuesday, 12 March 2019

Questions (499)

Kevin O'Keeffe

Question:

499. Deputy Kevin O'Keeffe asked the Minister for Agriculture, Food and the Marine the export credit insurance scheme in place; and, if there is none, if such a scheme will be put in place. [12153/19]

Written answers

Minister for Agriculture, Food and the Marine

There is no export credit insurance scheme in place and there are currently no plans to develop such a scheme.

I understand that, under the 2017 Action Plan for Jobs, a High Level Group chaired by the Department of Business, Enterprise and Innovation (DBEI) was established to progress the development of an export finance strategy for Ireland. The group's work led to the development of the "Brexit Loan Scheme", which provides low cost finance at favourable terms and conditions to businesses impacted by Brexit.

DBEI has informed my Department that it will work with the Department of Finance to build on the learnings from this Scheme in achieving the availability of appropriate financing supports for exporting Irish businesses.