HC Deb 11 March 1987 vol 112 cc194-5W
Mr. Caborn

asked the Secretary of State for Trade and Industry (1) what was the number of allocations to United Kingdom businesses under global loans for 1983, 1984, 1985 and 1986 from EIB own resources and new Community instrument resources;

(2) what was the global amount of financial resources given to British businesses through the EIB own resources and new Community instrument resources for each of the years 1983 to 1986.

Mr. Giles Shaw

The information about loans to private sector businesses in the United Kingdom from European Investment Bank (EIB) and New Community Instrument (NCI) resources under the global loan arrangements operated by financial intermediaries is given in the following table:

(EIB) (NCI)
Number of loans Total amount lent

£ million

Number of loans Total amount lent

£ million

1983 33 8.1 131 10.8
1984 29 5.3 65 7.1
1985 73 31.6 37 4.4
1986 6 1.9

In addition, the EIB also made a larger volume of direct loans to such businesses from its own resources, but not from NCI resources.