§ Mr. CousinsTo ask the President of the Board of Trade if he will state the premium rates under the loan guarantee scheme for 1991–92, the income derived from premia in 1991–92 and the net cost of the scheme for 1991–92; and the number and total size of loans guaranteed in each region and nation for 1991–92.
§ Mr. LeighFor most guarantees issued in 1991–92 the premium rate was 2.5 per cent. of the guaranteed portion of the loan. For guarantees of loans in the 16 inner city task force areas, the premium paid was 2 per cent.
A total of £ 3.211 million was derived from premiums in 1991–92.
28WThe net cost of the scheme in 1991–92 was £ 27.351 million.
The number and total size of loans in each region and Nation in 1991–92 are as follows:
Region Loans guaranteed Value £ million Northern 164 3.61 North West 271 5.43 Yorkshire and Humberside 171 3.36 West Midlands 193 4.76 East Midlands and Eastern 301 7.17 London 393 9.82 South East 681 17.83 South West 477 9.92 Total in England 2,651 61.90 Scotland 131 4.29 Wales 154 3.41 Northern Ireland 14 0.58 Northern Ireland 14 0.58 TOTAL 2,950 70.18