§ Mr. Martenasked the Secretary of State for Industry what loans have been made by the European Investment Bank to the British Steel Corporation from the beginning of January 1977 to date, giving the amounts and rates of interest and terms of repayment.
§ Mr. Les HuckfieldLoan approvals announced by the European Investment Bank for the British Steel Corporation from January 1977 to date are as follows:
Plant … Amount £ million Interest rate Per cent. Redcar … 8.0 8 6/10 Ravenscraig … 14.0 8 7/8 Distington/Fullwood … 7.65 8 7/8 Ravenscraig … 52.7 8 3/4 Templetton (Consett) … 3.9 8 6/10 Port Clarence (Teesside) … 6.9 8 1/2 Craigneuk … 3.75 8 7/8 These loans are generally repayable on an annuity basis over 12 years from when the projects come on stream.