Sign up to The Irish Times Archive (1859 - 2008)My Account »
Fri 02 Feb 2011Department blocked business credit plan, says Hanafin
A PROPOSAL by Government Ministers for a loan guarantee scheme for small businesses was blocked by the Department of Finance, Minister for Enterprise Mary Hanafin said yesterday.
Speaking at a breakfast briefing for business leaders, Ms Hanafin said both she and her predecessor Batt O’Keeffe favoured such a scheme, but it “would not wash” with the department, which was concerned about guaranteeing loans.
Choose a Subscription type - required
