Minister for Enterprise Leo Varadkar, said the Future Growth Loan Scheme (FGLS) had been “repurposed” to respond to COVID-19. \ Ramona Farrelly
ADVERTISEMENT
The Government has dropped the minimum draw-down limit from €50,000 to €25,000 in the low-cost loan scheme.
Minister for Enterprise, Trade and Employment Leo Varadkar said the Future Growth Loan Scheme (FGLS) had been “repurposed” to respond to COVID-19. While the news will mean that more farmers can access the scheme, currently the farm portion of the scheme has been exhausted with concerns growing over the roll-out of the next tranche.
It’s time for the Government to swiftly clarify the small print
ADVERTISEMENT
Up to €200m will be injected into the scheme for farmers but the Strategic Banking Corporation of Ireland has indicated to this newspaper it will be a number of weeks before the funding becomes available.
IFA farm business chair Rose Mary McDonagh, called on the Government to roll-out the FGLS and the Covid Credit Guarantee Scheme (CCGS).
“It’s time for the Government to swiftly clarify the small print and promptly make the funds available,” McDonagh said.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The Government has dropped the minimum draw-down limit from €50,000 to €25,000 in the low-cost loan scheme.
Minister for Enterprise, Trade and Employment Leo Varadkar said the Future Growth Loan Scheme (FGLS) had been “repurposed” to respond to COVID-19. While the news will mean that more farmers can access the scheme, currently the farm portion of the scheme has been exhausted with concerns growing over the roll-out of the next tranche.
It’s time for the Government to swiftly clarify the small print
Up to €200m will be injected into the scheme for farmers but the Strategic Banking Corporation of Ireland has indicated to this newspaper it will be a number of weeks before the funding becomes available.
IFA farm business chair Rose Mary McDonagh, called on the Government to roll-out the FGLS and the Covid Credit Guarantee Scheme (CCGS).
“It’s time for the Government to swiftly clarify the small print and promptly make the funds available,” McDonagh said.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS