§ Lord Harris of Haringeyasked Her Majesty's Government:
(a) how many loans have been issued by the European Investment Bank and how many bonds have been issued by the European Investment Fund to support projects in the United Kingdom; (b) the value of any such loans and bonds; and (c) how this compares with other member states of the European Union. [HL1393]
§ Lord McIntosh of HaringeyThe European Investment Bank signed loans for projects in the United Kingdom and other member states in 1998 as set out in the following table.
Number of loans Amount (£ million) Austria 11 358 Belgium 9 858 Denmark 11 745 Finland 10 551 France 26 2,837 Germany 55 5,168 Greece 9 736 Ireland 5 263 Italy 46 4,387 Luxembourg 3 109 Netherlands 4 426 Portugal 22 1,505 Spain 36 3,152 Sweden 14 664 United Kingdom 27 3,074 Total 288 24,833 The European Investment Fund does not make loans. It provides loan guarantees and equity investments.
In 1997 (latest published figures), the EIF signed guarantees on loans as set out in the following table.
105WA
Number ofguarantees Amount (€ million) Austria 1 29.42 Belgium 1 8.12 Denmark 1 2.48 Finland 2 29.58 France 3 151.34 Germany 2 99.58 Greece 2 69.95 Ireland 2 41.27 Italy 4 169.61 Luxembourg 1 4.5 Netherlands 1 25.0 Portugal 2 18.83 Spain 1 29.25 Sweden 0 0 United Kingdom 2 64.17 Total 25 743.1 In 1997, the EIF signed equity investments in venture capital funds as set out in the following table.
Number of investments Amount (€ million) Belgium 1 2.08 France 3 7.97 Germany 1 2.92 Sweden 1 2.95 United Kingdom 5 15.98 Total 11 31.9