HC Deb 14 April 1993 vol 222 cc631-2W
Mr. Peter Robinson

To ask the Secretary of State for Northern Ireland how many Government or Government agency loans to industry have been written off and what was the total amount involved, in each of the last six years; and how many firms were involved.

Mr. Atkins

The numbers and amounts of loans to industry written off in each of the last six years were as follows:

Financial year Number of loans written off Total amount Number of firms involved
£
1987–88 30 928,534 30
1988–89 10 77,020 10
1989–90 10 1391,212,635 10
1990–91 38 2,101,612 38
1991–92 38 399,722 38
1992–93 57 2432,744,752 57

Notes

1 Includes £390 million written off in respect of Short Bros Plc.

2 Includes £414,895,848 written off in respect of Harland and Wolff Plc and £17,370,632 in respect of Lear Fan Ltd.

The amounts given for each year are for principal only and do not include interest which in some cases was also written off.