Small Firms Loan Guarantee Scheme (Hansard, 9 July 1998)

HC Deb 09 July 1998 vol 315 c631W 631W

§ Mr. Breed
To ask the President of the Board of Trade how many loans under the Small Firms Loan Guarantee Scheme have been written off in each of the last 10 years; and for what amounts. [49310]

§ Mrs. Roche
The number and value of payments made against the guarantee for loans issued under the Small Firms Loan Guarantee Scheme in each of the last ten years was:

Payments made Gross cost (£ million)

1988–89 ¹500 8.9

1989–90 608 10.1

1990–91 1,161 21.7

1991–92 1,777 31.6

1992–93 1,720 22.4

1993–94 1,216 16.3

1994–95 1,163 22.1

1995–96 1,556 34.6

1996–97 1,885 43.4

1997–98 2,246 50.1

¹Estimate

	Payments made	Gross cost (£ million)
1988–89	¹500	8.9
1989–90	608	10.1
1990–91	1,161	21.7
1991–92	1,777	31.6
1992–93	1,720	22.4
1993–94	1,216	16.3
1994–95	1,163	22.1
1995–96	1,556	34.6
1996–97	1,885	43.4
1997–98	2,246	50.1
¹Estimate