HC Deb 12 March 1980 vol 980 cc584-5W
Mr. Park

asked the Secretary of State for Industry if he is prepared to consider making it possible for small manufacturers in the Coventry area to take advantage of long-term loans at 11 per cent. from the European Investment Bank.

Mr. David Mitchell

The European Investment Bank provides medium and long-term loans to finance investment for the development of less-developed regions, and its lending to manufacturing industry in the United Kingdom is therefore confined to projects located in the assisted areas.