Pearse Doherty
Ceist:23. Deputy Pearse Doherty asked the Tánaiste and Minister for Enterprise, Trade and Employment the value of approvals made under the future growth loan scheme to date. [5645/21]
Amharc ar fhreagraWednesday, 3 February 2021
Ceisteanna (23)
Freagraí scríofa
The Future Growth Loan Scheme makes lending available to eligible SMEs and small mid-caps seeking financing for long-term strategic investment, including in response to the impacts of Brexit and COVID-19.
The scheme was launched in April 2019 and initially made available up to €300m in lending to be delivered over a three-year window. However, following a rapid uptake of lending though the scheme, Government approved a €500m expansion of the scheme, which was launched at the end of July 2020, bringing the total lending capacity of the scheme to €800 million.
The scheme has continued to see a steady rate of loan approvals since then, and as of 29 of January, there have been a total of 3,024 loans approved to sanction under the scheme, to a total value of €611.1 million.