Bruton to unveil SME scheme

Jobs minister Richard Bruton is expected to disclose more details about the proposed SME loan guarantee scheme when he unveils the government's jobs action plan tomorrow.

12th February, 2012

Jobs minister Richard Bruton is expected to disclose more details about the proposed SME loan guarantee scheme when he unveils the government's jobs action plan tomorrow.

Sources said the scheme would be modelled on Britain's Enterprise Finance Guarantee (EFG) scheme, with adjustments to suit the particular needs of Irish market.

The British scheme, which backs about €600 million in small business loans per year, uses a portfolio approach, allocating a set amount of additional lending.

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