§ Mrs. Kellett-Bowmanasked the Chancellor of the Exchequer if he will give the size and geographical locations of industrial loans which were given by the European investment bank to the United Kingdom in each of the years from 1973 to date; how many infrastructure projects the European develepment bank assisted in financing; and how many industrial projects the bank has assisted in Cumbria and Lancashire.
§ Mr. LawsonFrom 1973 to date the European investment bank has granted loans for industrial projects in the United Kingdom totalling £325 million. Details of the size and geographical locations are as follows:
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EUROPEAN INVESTMENT BANK LOANS FOR INDUSTRIAL PROJECTS IN THE UNITED KINGDOM Borrower Amount £ million
Project and Location 1973 Industrial and Commercial Finance Corporation … 3.5 Global loan for on-lending to small and medium-sized firms in the development areas British Steel Corporation … 14.7 Teesside iron and steelworks British Steel Corporation … 14.7 Llanwern iron and steelworks 32.9 1974 British Steel Corporation … 8.0 Port Talbot steelworks British Steel Corporation … 12.0 Thryburg steelworks, near Rotherham Industrial and Commercial Finance Corporation … 10.0 Glboal loan Short Bros and Harland … 2.5 Aircraft development, Belfast 32.5 1975 Distillers Company … 12.0 Whisky bottling plant, Glasgow Tate and Lyle … 1.6 Glucose factory, Goole, Yorkshire British Steel Corporation … 17.5 Shotton steelworks, North Wales Olivetti International … 1.0 Typewriter factory, Glasgow 32.1 1976 British Steel Corporation … 6.75 Consett steelworks, Co, Durham British Steel Corporation … 3.5 Dalzell steelworks, Motherwell British Steel Corporation … 14.7 (i) £12.6 million at Port Talbort Steelworks. (ii) £2.1 million at Distington steelworks, Workington. British Petroleum … 19.7 Acetic acid plant at Hull British Steel Corporation … 17.0 Steelworks at Glasgow and Hartlepool 61.65
Borrower Amount £ million Project and Location 1977 British Steel Corporation … … … 14.0 Steelworks, Motherwell British Steel Corporation Chemicals … … … 6.9 Benzole refinery, Teesside British Steel Corporation … … … 7.7 Iron foundries at Workington and Motherwell British Steel Corporation … … … 3.8 Steel Foundry, Motherwell British Steel Corporation … … … 52.7 Steelworks, Motherwell British Steel Corporation … … … 8.0 Iron ore reloader, Redcar, South Teesside British Steel Corporation … … … 3.9 Brickworks, Co. Durham 97.0 1978 BICC Metals … … … 5.0 Copper refining plant, Prescot, Merseyside UKF Fertilisers Ltd … … … 5.0 Nitric acid works, Ince, Cheshire CWS … … … 5.0 Bottling plant, Shieldhall, Glasgow HMG … … … 30.0 Agency scheme 45.0 1979 (to date) Schreiber Industries Ltd … … … 6.0 Furniture Factory, Runcorn Tetra Pak Rausing … … … 2.6 Paper carton factory, Wrexham Rockwool Ltd … … … 2.5 Mineral wool factory, Bridgend Blaenan Plastics Ltd … … … 0.650 Plastics factory, Blaenau Ffestiniog Scottish and Universal Investments Ltd … … … 2.7 Modernisation of George Outran: Co., Scotland Ward and Goldstone Ltd … … … 1.6 Cable factory, Skelmersdale Sulzer Bros (UK) … … … 7.2 Pumping equipment factory, Leeds Garrett Airesearch … … … 1.5 Factory to manufacture turbochargers, Skelmersdale 24.75 In the same period the bank granted loans totalling £1,165 million to help finance 80 infrastructure projects in the United Kingdom. The bank has assisted eight industrial projects in Cumbria and five in Lancashire.
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§ Mrs. Kellett-Bowmanasked the Chancellor of the Exchequer how much European investment bank loan money has come from the bank to the United Kingdom in each of the years since its establishment; how many of these projects were directly handled by the bank; which intermediaries handled the remaining money with the amount in each case; how many global loans have been made to the United Kingdom, giving the dates of such loans; and what proportion of the above loans came to the North-West.
§ Mr. LawsonThe amount of the European investment bank loan money that has come to the United Kingdom in each of the years since the bank's establishment is as follows:
£ million 1973 … … 32.9 1974 … … 79.9 1975 … … 186.5 1976 … … 258.9 1977 … … 320.7 1978 … … 286.3 1979 (to date) … … 325.9 All these loans were directly handled by the bank, with the exception of two global loans to the Industrial and Commercial Finance Corporation, one for £3.5 million on 18 July 1973, the other for £10 million on 28 November 1974—of which only £600,000 was drawn—and loans totalling £50 million—of which £33.3 million has been drawn so far—under a new scheme introduced on 15 December 1977 by the Department of Industry to allow companies to take advantage of the bank's loans. Strictly speaking, these are not global loans, but an agency agreement under which the Department of Industry, the Scottish economic planning department, the Welsh Office industry department and the Northern Ireland Department of Commerce act as the bank's agents in providing loans for small and medium-scale industrial projects in the assisted areas of the United Kingdom. However, the results are the same as a global loan.
About 7 per cent.—£223 million—of the above loans came to the North-West.
§ Mrs. Kellett-Bowmanasked the Chancellor of the Exchequer how many small and medium-sized undertakings in the North-West have received European investment bank loans; and if he will name them.
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§ Mr. LawsonThree small and medium-sized undertakings in the North-West have received European investment bank loans. Details are as follows:
1974 Amount £ Tavener Rutland, Sweet Manufacturer, Liverpool 220,000 1978 Polythene Drums, Skelmersdale 750,000 Mallatrite Plastics, Levenshulme 250,000