§ Mr. William Ross
asked the Chancellor of the Exchequer if he will list the total payments by the United Kingdom to European Economic Community funds from 1 January 1973 to 31 December 1984 showing the body to which the payments were made and including payments to the European Investment Bank and the European Coal and Steel Community, and also showing the total amounts the United Kingdom has received from these bodies in the same period in (a) loans and (b) grants.
§ Mr. Ian Stewart
[pursuant to his reply, 10 July 1985, c. 446]: The information set out below includes the latest estimates of our gross contributions to and receipts from 496W the European Economic Community, and our transactions with the European Investment Bank (EIB) and the European Atomic Energy Authority (EURATOM) for 1984. Information on transactions with the European Coal and Steel Community for 1984 is not currently available.
European Communities Budget (ECB) £ million 1973–1984 UK gross contributions 17,895 UK receipts including refunds 12,500 European Investment Bank (EIB) UK payments to capital 138 UK payments to reserves 20 UK loans from EIB own resources* 3,338 UK loans from New Community instrument* † 172 UK loans from EURATOM* †—46 mecu (received in 1983—some £27 million converted at the appropriate budget exchange rate) There are no grants from the EIB or EURATOM. European Coal and Steel Community (ECSC) 1973–1983 ECSC loans to UK* 1,608 ECSC grants to UK*ob/ 262 Industrial levies paid to ECSC ‡by the UK coal and steel industries— 1981 to 1983–86.24 mecu (some £48 million when converted at the appropriate annual average exchange rates) * Total of loans and grants received from European Community institutions from 1 January 1983 to 31 December 1984. These are not the amounts currently outstanding. †Under the New Community Instrument the European Commission borrows on the international capital markets in its own name and on-lends within the European Community, using the EIB as Administrator. The EURATOM loan scheme was set up in 1977. This scheme also is administered by the EIB, which customarily co-finances the project from its own resources, within the constraint that total Community involvement should not exceed 50 per cent. The remaining funds are raised by borrowing on the international capital markets. The moneys are lent to member states. ‡The resources of the ECSC an; financed partly out of the budget of the European Economic Community and partly by levies received from the Coal and Steel industries of the member states, based on a percentage of their production. Details of member states' individual levy payments were not published by the ECSC prior to 1981. ob/ Commitments undertaken by the ECSC to make awards of grant to the UK during the period 1973 to 1983, outturn in calendar years is not readily available.
Note: In addition to the payments listed in the table the UK also makes payments to the Community's Joint European Torus project by virtue of its host status—currently around £7 million per year. This project was started in 1978.
ECB figures — taken from departmental returns and EEC No. 1 Account data.
EIB figures — EIB annual reports and the Consolidated Fund and National Loans Fund Supplementary statements
ECSC figures—ECSC annual financial reports and DTI returns.