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European Investment Bank

Volume 14: debated on Tuesday 8 December 1981

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asked the Secretary of State for Industry whether he is satisfied that the criteria applied in the United Kingdom by existing legislation for the receipt of loans by the European Investment Bank do not place prospective borrowers at a disadvantage compared with the criteria applied in France.

The purposes for which the European Investment Bank may provide loans are set out in article 130 of the Treaty of Rome. The criteria against which loan applications are assessed are a matter for the bank, and all applications are treated on a common basis.

asked the Secretary of State for Industry how much in percentage terms are (a) the United Kingdom and (b) France eligible for loans from the European Investment Bank.

There are no restrictions on the volume of EIB lending to individual member States. In 1980, the United Kingdom took 25·5 per cent. of loans for projects within the Community; France took 7·5 per cent.