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Departmental Funding

Dáil Éireann Debate, Wednesday - 29 June 2022

Wednesday, 29 June 2022

Questions (216)

Matt Carthy

Question:

216. Deputy Matt Carthy asked the Minister for Agriculture, Food and the Marine the amount allocated by his Department to the Strategic Banking Corporation of Ireland to date; the current book value of loans to farmers or fishermen currently arising from such funding; the current potential value of loans available to farmers or fishermen to apply for; in tabular form; and if he will make a statement on the matter. [34759/22]

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Written answers

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.

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