HC Deb 03 April 1981 vol 2 cc169-70W
Mr. Beith

asked the Secretary of State for Industry why the trustee savings banks have not been invited to participate in the loan guarantee scheme.

Mr. MacGregor

We have decided that initial participation in the scheme should be limited to institutions which can demonstrate experience in lending to the kind of businesses the scheme is intended to cover, (particularly as it is itself a pilot scheme). As the trustee savings banks themselves acknowledge, they are relatively new to this fields

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