Irish Ministers have met with representatives of the European Investment Bank Group (EIB) and the Strategic Banking Corporation of Ireland (SBCI) for the formal agreement of  a counter guarantee through the European Investment Fund to allow for the roll out of €300m in funding to Irish businesses under the Government's Brexit Loan Scheme.

The Credit Guarantee (Amendment) Bill 2015, which aims to improve the uptake amongst SMEs of the credit guarantee scheme introduced in 2012 has been published by Business and Employment Minister Ged Nash.