§ Mr. Grylls
To ask the Secretary of State for Employment what is the cost per job to the Exchequer of jobs created as a result of the Government's small firms loan guarantee scheme.
§ Mr. Eggar
The net Exchequer cost of the loan guarantee scheme per person leaving the unemployment count is estimated to be of the order of £450. This figure is derived from the costs of a typical loan adjusted by the benefit, tax and national insurance savings relating to those leaving the count in the first year of a loan as a direct result of the scheme.