Credit Guarantee Scheme: key details

The €450m Credit Guarantee Scheme is to go live next week. The government claims it will benefit 5,600 businesses and create of 4,000 jobs over three years. But what is it?

17th October, 2012
Initially, the scheme will facilitate up to €150m of additional lending per annum to SMEs.

The government’s €450 million Credit Guarantee Scheme is to go live next week. The government claims it will benefit 5,600 businesses and support the creation of 4,000 jobs over three years. But what is it?

Initially, the scheme will facilitate up to €150m of additional lending per annum to SMEs, in addition to the lending targets set for the pillar banks. The Scheme will be demand-led, and take-up and performance will be closely monitored. For...

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