HC Deb 15 April 1986 vol 95 c361W
Mr. Gregory

asked the Paymaster General whether he intends to introduce a loan scheme for training, as proposed in his consultation paper issued in November 1984; and if he will make a statement.

Mr. Trippier

My right hon. and noble Friend today announced the introduction of a pilot scheme to make available loans for vocational training for an experimental period of three years. The new scheme, career development loans, will be run in partnership with three banks, Barclays, Clydesdale and the Co-operative Bank, in four pilot areas, Aberdeen, Bristol-Bath, Greater Manchester and Reading-Slough. Anyone aged over 18 who lives or intends to train in one of these areas will be able to apply. The Government will be providing an incentive to borrowers by paying interest on their behalf during the period of training and up to three months afterwards. The Government will also be guaranteeing a proportion of the loans to make it easier for banks to consider lending for vocational training.