Tuesday, 5 November 2019

Questions (150)

Mattie McGrath

Question:

150. Deputy Mattie McGrath asked the Minister for Finance the number of jobs supported by the Strategic Banking Corporation of Ireland by county and region in tabular form; and if he will make a statement on the matter. [45329/19]

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Written answers (Question to Finance)

The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s national promotional institution. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs to address gaps and potential failures in the Irish SME finance market as well as encouraging competition and innovation, and facilitating the efficient and effective use of EU resources and financial instruments. The SBCI achieves this through the provision of low cost liquidity and risk-sharing guarantee activities that support the provision of appropriately priced, flexible funding to Irish SMEs.

Instead of lending directly to SMEs, the SBCI operates through partner finance providers, known as on-lenders. The SBCI has provided funding to a mixture of both banks and non-bank finance providers and currently has 6 on-lenders, 3 bank and 3 non-bank finance providers: AIB, Bank of Ireland, Ulster Bank, Finance Ireland Limited, Bibby Financial Services Ireland, and FEXCO Asset Finance.

During 2018, 91% of SBCI loans went to firms outside Dublin, with 19.5% going to the South West, 10.9% to the South East, 17% to the Mid-West, 11.8% to the West, 12.7% to the Border, 7.4% to the Midlands and 11.7% to the Mid-East.

The table below shows the level of employment in businesses that received SBCI supported loans by county and region from March 2015 to end Q3 2019:

County

No. of Jobs

Carlow

2,200

Cavan

3,200

Clare

3,100

Cork

20,200

Donegal

3,700

Dublin

49,200

Galway

11,100

Kerry

7,000

Kildare

13,300

Kilkenny

2,900

Laois

1,800

Leitrim

800

Limerick

5,500

Longford

800

Louth

3,000

Mayo

5,900

Meath

6,400

Monaghan

2,500

Offaly

1,900

Roscommon

2,300

Sligo

1,900

Tipperary

7,500

Waterford

3,200

Westmeath

2,700

Wexford

6,500

Wicklow

3,500

Total

172,100

Region

No. of Jobs

Border

15,100

Dublin

49,200

Mid-East

23,200

Mid-West

16,100

Midland

7,200

South-East

14,800

South-West

27,200

West

19,300