Government to revamp €90 million SME loan scheme

A key government initiative to boost credit for small and medium sized businesses, the €90 million Micro-enterprise Loan Fund, is to be overhauled after 15 months due to a low take-up.

Ian Kehoe - avatar

Ian Kehoe

19th January, 2014

A key government initiative to boost credit for small and medium sized businesses, the €90 million Micro-enterprise Loan Fund, is to be overhauled after 15 months due to a low take-up.

The Department of Jobs, Enterprise and Innovation said it is reviewing the scheme, in order to enhance the uptake of the fund and boost its impact. The department said the review would commence by July.

The review comes after new figures showed that just €2.16...

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