302 Deputy Joan Burton asked the Minister for Finance his views on reports in a newspaper (details supplied) that the model of small and medium enterprises loan guarantees being operated successfully in the United Kingdom and other jurisdictions has been ruled out here; his further views on whether a risk sharing element of 25% to 50% on the part of the loan originating institution would ensure an appropriate alignment of interests between lender and guarantor; his views on whether such a scheme would allow for the easing of credit conditions for small and medium enterprises while minimising the impact on the capitalisation and capital requirements of the loan originating institutions; if he has studied the operation of such schemes in other jurisdictions and, if so, the conclusions he has drawn; if such a scheme has been costed here; if such a scheme has been recommended to him by a company (details supplied) contracted by his Department to survey the small and medium enterprise credit environment here and to make recommendations regarding the way this environment could be ameliorated; if he will give further consideration to the implementation of such a scheme; and if he will make a statement on the matter. [2154/10]

Summary

302 Deputy Joan Burton asked the Minister for Finance his views on reports in a newspaper (details supplied) that the model of small and medium enterprises loan guarantees being operated successfully in the United Kingdom and other jurisdictions has been ruled out here; his further views on whether a risk sharing element of 25% to 50% on the part of the loan originating institution would ensure an appropriate alignment of interests between lender and guarantor; his views on whether such a scheme would allow for the easing of credit conditions for small and medium enterprises while minimising the impact on the capitalisation and capital requirements of the loan originating institutions; if he has studied the operation of such schemes in other jurisdictions and, if so, the conclusions he has drawn; if such a scheme has been costed here; if such a scheme has been recommended to him by a company (details supplied) contracted by his Department to survey the small and medium enterprise credit environment here and to make recommendations regarding the way this environment could be ameliorated; if he will give further consideration to the implementation of such a scheme; and if he will make a statement on the matter. [2154/10]

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• Fiscal Policy.

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