§ Sir John Osbornasked the Chancellor of the Exchequer what sums were borrowed by the United Kingdom in 1983 from the new Community instrument for lending and borrowing, Ortoli facility; which projects were involved; and what proportion of total lending the United Kingdom's borrowing represented in this period.
§ Mr. Ian StewartUnited Kingdom borrowing from the new Community instrument in 1983 amounted to £60 million, representing 8.3 per cent. of total lending under the facility. Of this amount £20 million went to the Central Electricity Generating Board for the cross-channel electricity link. The remaining £40 million was provided for financing investment in industry tourism and the service sector outside the assisted areas. These funds go in the first instance to banks and other financial institutions participating in the global loan scheme for on lending to small firms. Detailed information on individual projects is not readily available.