LNM Holdings (Hansard, 1 March 2002)

HC Deb 01 March 2002 vol 380 c1570W 1570W

§ Mr. Whittingdale
To ask the Secretary of State for International Development what the policy of the Government is towards an application to the EBRD for support for the takeover of the Nova Hut steelworks in the Czech Republic by LNM Holdings. [39666]

§ Clare Short
The EBRD exists to help restructure the economies of former communist countries in Central and Eastern Europe. We support all responsible projects that serve this purpose.
The EBRD board has not been approached with a proposal for a loan to the Nova Hut steelworks. If a proposal is put to the board we will consider it on its merits.