Credit guarantee: The money’s there, but where is it going?

With very little of the €2 billion credit guarantee cash having found its way to stricken companies, some are speculating that the banks are too busy dealing with underperforming loans to lend cash to firms

15th November, 2020
Credit guarantee: The money’s there, but where is it going?
Retailers are feeling the pressure from lockdown restrictions, with some forced to close. Photo:

The stresses facing Ireland’s hospitality industry were starkly laid out in a report by Bord Bia last week. Revenues at restaurants, pubs, hotels, cafés, fast food outlets and anywhere else serving food are on course to collapse by almost half this year, to €4.5 billion.

In an attempt to strike an optimistic tone, the report forecast a recovery next year, which will be cold comfort for many firms who may not...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Can O’Leary lead Ryanair out of this unprecedented crisis?

Analysts Ian Guider 3 weeks ago

How Biden would help the FDI sector – or not

Analysts Brian Keegan 1 month ago

Analysis: A world debt crisis is not imminent, despite Covid-19

Analysts Terry Chan 1 month ago

Analysis: Covid-19 has led some companies to better business models

Analysts Eugene Kiernan 1 month ago