Government extends Credit Extension to end 2021

Government agrees extension to €2bn Credit Guarantee Scheme

Credit Guarantee Scheme will remain open for applications until end of 2021

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD, Minister for Finance, Paschal Donohoe TD and the Minister for Agriculture, Food and the Marine Charlie McConalogue TD today announced that the €2bn Credit Guarantee Scheme will be extended and will remain open for applications until the end of the year.

The Credit Guarantee Scheme is the biggest ever state-backed loan guarantee in Ireland. The Scheme offers an 80% Government guarantee to participating lenders to provide Irish businesses, including those in the farming and fishing sectors, with access to low interest loans as they respond to the impacts of COVID-19.

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