Talking point : Budget has to help firms with finance options

Budget 2015 must address the current shortage in the finance options available to businesses by fast-tracking plans to establish the Strategic Banking Corporation of Ireland.

5th October, 2014
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Budget 2015 must address the current shortage in the finance options available to businesses by fast-tracking plans to establish the Strategic Banking Corporation of Ireland. It is intended that the SBCI will offer facilities to small and medium-sized companies.

It will be financed primarily by a German bank, but a new tax incentive should also be introduced to encourage bank deposit holders in Ireland to take their funds out of deposit accounts and invest in SBCI.

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