§ Mr. Nigel EvansTo ask the President of the Board of Trade how many jobs have been created by firms which have received a loan under the loan guarantee scheme since 1983; what is the average number of employees employed by firms which have received a loan under the loan guarantee scheme; and how many businesses that received loans under the loan guarantee scheme since 1983 continue to trade.
§ Mr. LeighThe information requested on the number of jobs created, and the number of employees employed by firms who have received loans under the loan guarantee scheme is not available.
From June 1981 to 31 December 1992 a total of 32,716 loans were guaranteed, of which 11,890 had defaulted on the loan during the same period. Of the remaining 20,826 loans it is not known how many businesses continued to trade after the loan had been repaid.