Fabian Demicoli

GRTU meets Irish Minister for Small Business

 GRTU President Paul Abela and Executives were pleased to welcome the Irish Minister for Small Businesses Mr John Perry. During the meeting both parties were very interested to learn about the best practices enacted in both countries in favour of Small Businesses and we were indeed please to note some similarities.

 

Mr Perry explained that the Irish Government is currently introducing a partial loan guarantee scheme and a micro finance facility. He explained that Ireland has gone through a rough patch and has had to recapitalise the banks with an agreement that they would give back to SMEs and now the Irish Government is making sure that SMEs get a fair deal when dealing with banks. The loan guarantee is being worked though 3 banks and the Government has issued a standard application form that can be used when applying with all the banks. GRTU explained the different schemes available for SMEs and the Irish Minister was mostly interested in the Business First initiative and the simplification of the trading licences.

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