HC Deb 25 January 1980 vol 977 cc406-7W
Mr. Skeet

asked the Secretary of State for Energy what funds have been provided by the European Investment Bank to the National Coal Board to date; and whether he has been in negotiation with the bank for further funds for the board's "Plan For Coal".

Mr. John Moore

The National Coal Board borrowed £7.2 million from the European Investment Bank (EIB) in 1975 to finance investment projects at five collieries. Since then, it has not sought further loans from the EIB; it has, however, borrowed £559 million from the European Coal and Steel Community to finance capital projects.

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