HC Deb 23 February 1982 vol 18 c332W
Mr. Shersby

asked the Secretary of State for Industry how many applications his Department has received under the loan guarnatee scheme since 1 June 1981; what is the total amount of money that has been guaranteed; and if he is satified with the success of the scheme.

Mr. MacGregor

At the end of January 1982, the latest date for which figures are available, 2,325 guarantees had been issued in respect of £80.1 million of bank lending and 20 applications were waiting to be processed. The take-up of scheme lending has been very encouraging, but we shall want to look more closely at how the scheme has been operating before judging its effectiveness.

I am now in discussion with the banks as to how this can best be achieved.