My Department, in partnership with the Department of Enterprise, Trade & Employment and the Department of Finance, has worked with the Strategic Banking Corporation of Ireland (SBCI) to deliver a number of loan schemes that support SMEs in Ireland, including farmers, fishers and SME food businesses.
Public funds provided for these schemes mainly relate to the provision of guarantees, with the lending institutions providing the actual finance for the loans. Any unused guarantee funding is repayable. Details of the various schemes are below, including funding provided to SBCI and the loan approval amounts. More information is available at sbci.gov.ie/.
Scheme
|
Year
|
Value
|
Funding from DAFM
|
Loans issued
|
Remaining available
|
Brexit Impact Loan Scheme
|
2021 to date
|
€315m
|
€11m
|
596 loans to the value of €48.6m to farmers.
97 loans to the value of €17.5m to food businesses.
|
€59.9m
|
COVID-19 Credit Guarantee Scheme
|
2020 to date
|
€2bn
|
No upfront funding requirement; DAFM is responsible for defaults from the primary sector in arrears.
|
1,576 loans to the value of €76.9m to farmers.
57 loans to the value of €3.9m to fishers
|
€1.3bn (across all sectors)
|
Future Growth Loan Scheme
|
2019 to date
|
€800m
|
€14.2m to SBCI and €49.1m to European Investment Fund (EIF).
|
1,285 loans to the value of €153.4m to farmers.
277 loans to the value of €69.7m to food businesses.
30 loans to the value of €11.6m to fishers.
|
|
SBCI Working Capital Scheme (encompassing Brexit Loan Scheme and Covid-19 Working Capital Scheme)
|
2018 to 2021
|
€337.5m
|
€11.7m (unused funding of €5.5m was transferred to the BILS)
|
Brexit Loan Scheme: 47 loans to the value of €10.8m to food businesses.
COVID-19 WCS:
161 loans to the value of €13.3m to food businesses.
|
This Scheme is now closed following the launch of the BILS.
|
Agriculture Cashflow Support Loan Scheme (ACSLS)
|
2017
|
€145m
|
€25m
|
€145m to farmers.
|
This Scheme is now closed.
|