§ Mr. CousinsTo ask the President of the Board of Trade if he will publish a table showing the value of Export Credits Guarantee Department support for long-term capital goods business for each year since 1979.
§ Mr. HeseltineThe value of ECGD support for capital goods business since 1979–80 is as follows:
£ million 1979–80 3,816 1980–81 3,668 1981–82 7,340 1982–83 8,440 1983–84 3,199
SIC(80) Activity heading Brief description Index of production (1990 = 100) 1978 Peak (Year) 1993 2512 Basic general organic chemicals 84 120 (1992) 116 3302 Electronic data processing equipment 13 142 (1993) 142 3453 Active components and electronic sub-assemblies 43 103 (1992) 99 3510 Motor vehicles and their engines 132 132 (1978) 91 3530 Motor vehicle parts 92 102 (1993) 102 3640 Aerospace equipment manufacturing and repairing 50 100 (1990) 86 Source: CSO—Index of production.
602W
£ million 1984–85 2,458 1985–86 1,519 1986–87 2,601 1987–88 1,712 1988–89 2,067 1989–90 1,959 1990–91 2,300 1991–92 2,095 1992–93 3,802 The totals for 1979–80 and 1980–81 are not strictly comparable with the others in the table as they are based on a now discarded definition of the value of ECGD's support.
In his statement of the 11 May 1994, my hon. Friend the Minister for Trade announced a provisional figure for the value of ECGD support for capital goods business in 1993–94 of nearly £4.1 billion. Fuller details will be provided in ECGD's forthcoming annual report for 1993–94.