§ Mr. Ray Powell
asked the Secretary of State for Wales what is the failure rate of firms in Wales who have received finance from the small businesses loan guarantee scheme.
§ Mr. Nicholas Edwards
My right hon. Friend the Secretary of State for Industry is responsible for the administration of the scheme, but I understand that at 31 March 1983 the failure rate of firms in Wales that had received finance under the loan guarantee scheme was 7.1 per cent.