§ Mr. Gryllsasked the Secretary of State for Industry if it is his intention to amend the loan guarantee scheme so that directors have to provide personal security for loans under the scheme.
§ Mr. MacGregorThe present provisions of the loan guarantee scheme regarding security, covering both business assets and personal assets and guarantees, are an important feature of the scheme's operation. They will clearly need to be considered as part of my preliminary review of its impact and effectiveness, but at present there are no plans to amend the scheme in this way.