HC Deb 29 October 1985 vol 84 cc431-2W
Mr. Wigley

asked the Paymaster General if he will publish the number of applications approved for the loan guarantee scheme and the total value of the sum guaranteed, together with the number of such guarantees which have been called in and the cost to the Exchequer of these payments.

Mr. Trippier

At 30 September 1985 16,396 guarantees, valued at £420.28 million, had been approved under the loan guarantee scheme. Of these 4,669 had been called at a cost of £111.8 million.

Mr. Knox

asked the Paymaster General what has been the cost to public funds of the loan guarantee scheme in each year since its inception.

Mr. Trippier

The table shows the cost of the loan guarantee scheme in each completed financial year. The figures are based on the cost of called guarantees less premium income and recoveries and take no account of other Government income or expenditure which may be indirectly affected.

Financial Year Net Cost (£ million)
1981–82 (Net gain) 0.375
1982–83 7.963
1983–84 23.746
1984–85 33.881