Career Development Loans (Hansard, 14 July 1995)

§ Mr. Bryan Davies
To ask the Secretary of State for Employment what was the total public expenditure on career development loans in each year for which figures are available in(a) actual and (b) current prices. [33148]

§ Mr. Paice
[holding answer 10 July 1995]: I have been asked to reply.
The programme costs for career development loans for each year since 1988 together with the equivalent cost at 1995–96 prices are shown in the table:

£ million

Year Actual cost Cost at 1995–96 prices

1988–89 0.650 0.901

1989–90 1.404 1.819

1990–91 3.750 4.498

1991–92 5.389 6.082

1992–93 6.884 7.472

1993–94 7.975 8.399

1994–95 9.392 9.697

§ Mr. Davies
To ask the Secretary of State for Employment how many applications for career development loans there were in each year for which figures are available; and what percentage of these applications were successful. [33150]

§ Mr. Paice
[holding answer 10 July 1995]: I have been asked to reply.
The number of approved career development loans for each year since 1988 together with the number of rejections, as provided to the Employment Department by the participating banks, and the consequent percentage of successful applications is shown in the table:

Year Loans approved Loans rejected Percentage of successful applications

1988–89 2,762 735 79

1989–90 5,805 1,733 77

1990–91 8,054 1,767 82

1991–92 10,432 4,260 71

1992–93 10,230 3,978 72

1993–94 12,159 4,966 71

1994–95 15,169 4,790 76

833W

§ Mr. Davies
To ask the Secretary of State for Employment what percentage of those taking out career development loans were(a) unemployed, (b) employed and (c) continuing students in each year for which figures are available. [33149]

§ Mr. Paice
[holding answer 10 July 1995]: I have been asked to reply.
The following table lists, in percentage terms, the employment status of approved career development loan applicants for each year since 1991:

Percentage

Year Unemployed Employed Student Other

1991–92¹ 31 51 17 1

1992–93 35 45 18 2

1993–94 36 42 19 3

1994–95 33 44 20 3

¹ Figures for earlier years were not collected in a comparable format.

£ million
Year	Actual cost	Cost at 1995–96 prices
1988–89	0.650	0.901
1989–90	1.404	1.819
1990–91	3.750	4.498
1991–92	5.389	6.082
1992–93	6.884	7.472
1993–94	7.975	8.399
1994–95	9.392	9.697

Year	Loans approved	Loans rejected	Percentage of successful applications
1988–89	2,762	735	79
1989–90	5,805	1,733	77
1990–91	8,054	1,767	82
1991–92	10,432	4,260	71
1992–93	10,230	3,978	72
1993–94	12,159	4,966	71
1994–95	15,169	4,790	76

Percentage
Year	Unemployed	Employed	Student	Other
1991–92¹	31	51	17	1
1992–93	35	45	18	2
1993–94	36	42	19	3
1994–95	33	44	20	3
¹ Figures for earlier years were not collected in a comparable format.