Businesses slow to make use of Brexit loan scheme

The scheme was set up over two years ago to offer finance on more favourable terms than bank loans to help companies cope with Brexit challenges, but fewer than 300 businesses have so far taken it up

8th November, 2020
Businesses slow to make use of Brexit loan scheme
Paschal Donohue, the Minister for Finance: meeting with heads of the country’s five main banks

Fewer than 300 businesses have availed of the government’s Brexit loan scheme since its launch over two years ago.

The €300 million initiative, launched in March 2018, provides competitively-priced finance at what the government has described as “more favourable terms” than that available from commercial banks to help businesses adapt to the challenges posed by Brexit.

The government is confident demand will increase as the current Brexit transition period comes to an end,...

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