§ Dr. Lynne JonesTo ask the Chancellor of the Exchequer, pursuant to his answer of 10 February,Official Report, columns 631–32, if he will list projects that are to be financed through the European investment fund and the total level of the loan facilities to be provided.
§ Mr. NelsonThe United Kingdom, together with other EC member states, is currently taking forward the administrative and legal procedures necessary to establish the European investment fund. Individual projects will not be put forward for financing until the fund is established. It is envisaged that the EIF will provide guarantees on loans to trans-European networks and to small and medium-sized enterprises within the Community. The total amount of lending which the fund may guarantee is under consideration.