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European Investment Bank (Loans)

Volume 14: debated on Monday 30 November 1981

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asked the Chancellor of the Exchequer what has been the balance between the public and private sector of loans from the European Investment Bank to the United Kingdom; whether this balance remained relatively constant over the period since the United Kingdom's accession to the Community; and whether he is intending to take steps to increase the availability of European Investment Bank loans to British companies in the private sector.

Since the United Kingdom acceded to the Community in 1973 the balance between public and private sector loans from the EIB to this country has been subject to significant annual variations. The figures are as follows:

Private sector loansPublic sector loansTotal
£ million£ million£ million
197342933
1974275380
197515172187
197635224259
197720301321
197845241286
197942445487
1980102315417
1981 (to date)192948
The Government do not impose any restrictions limiting the availability of EIB loans to British companies in the private sector and do not intend to do so.