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Martin Kenny TD calls for a channel to European Investment Bank through Local Enterprise Offices

8 December, 2016 - by Martin Kenny TD

Speaking in the Dáil today, Sinn Féin’s agriculture spokesman, Martin Kenny TD, who represents Sligo, Leitrim, West Cavan and South Donegal, asked Minister Simon Coveney about access to credit for small business and business start-ups from the European Investment Bank, which is opening an office in Dublin this week.

Deputy Kenny said:

“The EIB is opening an office in Dublin to encourage state agencies and other bodies to access credit from it along with small businesses. There is still need for assistance for many small business people to access credit as the retail banks will not deal with them due to bad credit history, which might be solely due to the economic crash and not due to bad business decisions on their part.

“I asked the minister if it would not be possible to set up a channel, via the Local Enterprise Offices, for people wanting to set up, or indeed, start again in business. 

“Sometimes those whose credit history, due to the economic crash, is not good, but who have a sound business idea and healthy potential, need another channel besides their local retail bank to help them get credit.”

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