Tánaiste Leo Varadkar: the changes will ‘bring our offering into line with similar schemes across Europe’. Photograph: PA

The Government has promised to push through legislation “next week” to enact its €2 billion Covid-19 credit guarantee scheme for SMEs. This will invol(...)

Minister for Business, Enterprise and Innovation Heather Humphreys  said the legislation will ‘significantly beef up’ Microfinance Ireland (MFI) and enable a significant expansion of the Future Growth Loan Scheme operated by the SBCI. Photograph: Leon Farrell/Photocall Ireland/PA Wire

Only €11 million worth of loans have been provided to small businesses affected by the pandemic under the Government’s main support scheme, a figure w(...)

The National College of Ireland in the IFSC in Dublin.

The National College Of Ireland (NCI) third-level institute says it is on the lookout for a second campus in Dublin city in addition to its current ba(...)

The Department of Public Expenditure and Reform secretary general Robert Watt has signalled that the Government is looking at  guarantee schemes, open-ended grants, and cases for equity capital support

The Government’s €200 million Covid-19 working capital fund for small businesses has seen a muted level of drawdowns amid concerns that the programme (...)

The Central Bank study found that if 70 per cent of vulnerable SMEs demand external liquidity and their non-personnel expenses can only be cut by 50 per cent, they would need €5.7 billion in supports. Photograph: PA Wire

Small- and medium-sized businesses (SMEs) in the State may need up to €5.7 billion in emergency liquidity to help them through the Covid-19 crisis, a (...)

Germany and Switzerland have introduced schemes offering 100 per cent state guarantees for loans to SMEs to get through the coronavirus crisis and grow on the other side. Photograph: iStock

Investors in Irish banks, in which the Government holds large stakes, are nervous about the sector facing high levels of bad loans if it continues to (...)

Ibec said a €4 billion package, which equates to 1.2 per cent of gross domestic product (GDP), could fund replacement rates of at least 70 per cent of net wages lost, for 20 weeks, for up to 500,000 workers

Ibec has called on the Government to provide up to €4 billion in income supports to households that have lost their regular income as a result of the (...)

‘The next government should have a major focus on entrepreneurship and small business,’ says SFA director Sven Spollen-Behrens

The Small Firms Association (SFA) is calling on the incoming government, whatever its complexion, to take be more supportive of small business than it(...)

 Strategic Banking Corporation of Ireland chief executive Nick Ashmore. Photograph: Dave Meehan

New loans drawn down through the Strategic Banking Corporation of Ireland (SBCI) slumped by 68 per cent last year to the lowest level since the State-(...)

Bank of Ireland’s Brexit fund is the latest in a number of initiatives it has undertaken to support customers affected by Brexit

Bank of Ireland has established a €2 billion Brexit fund to support small and medium-sized businesses on both sides of the Border as the clock ticks d(...)

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