HC Deb 15 June 1994 vol 244 cc601-2W
Mr. Cousins

To 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. Heseltine

The 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.

£ 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.