€300m Brexit loan scheme open for business

€300m Brexit loan scheme open for business
Brexit loan scheme rates capped at 4 per cent. Pic: Getty

The head of the Strategic Banking Corporation of Ireland told an Oireachtas committee it was 'taking a lot of risk away' from the banks and was expecting a lot in return

A €300m loan scheme to help Irish companies to deal with the consequences of Brexit is being opened for applications today.

The Brexit Loan Scheme will target businesses with fewer than 500 workers who can show that they face negative effects as a result of Britain’s departure from the EU.

Firms can use the loans for working capital needs, or to finance any changes they need to make to their businesses in order to lessen...

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