§ Mr. Teddy Taylorasked the Chancellor of the Exchequer what is the practice of Her Majesty's Government with regard to charging fees to the owners or operators of projects which secure loans from the European investment bank which are guaranteed by Her Majesty's Government; and if he will make a statement.
§ Mr. Brooke[holding answer 4 November 1987]: The Government's general practice with regard to European investment bank loans to United Kingdom borrowers is to provide guarantees only in respect of certain categories of public sector projects, in particular investment by public corporations, and not to charge fees.
§ Mr. Teddy Taylorasked the Chancellor of the Exchequer how many loans have been provided by the European investment bank for United Kingdom projects since the formation of the bank; and how many of these loans have been guaranteed by the British Government or by bodies regarded by the bank as of equivalent status, respectively.
§ Mr. Brooke[holding answer 4 November 1987]The European investment hank has made some 438 loan contracts for projects in the United Kingdom from its own resources. The bank is bound by its statute to obtain adequate guarantees for all its loans. The British Government have guaranteed some 204 of the loan contracts for United Kingdom projects.