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Proceeding contribution from Ian Pearson (Labour) in the House of Commons on Tuesday, 21 April 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Industry and Exports (Financial Support) Bill.


Industry and Exports (Financial Support) Bill

I certainly accept that the reason why we need to increase the limits is that a lot of the programmes that we have looked to introduce have been guarantee schemes. Whether the headline guarantee figure is £1.3 billion for the enterprise finance guarantee or £2.3 billion for the automotive assistance programme, all scores towards the need for the authority to incur expenditure. In that sense, I have given the hon. Gentleman some of the key figures. I shall happily write to him and put a copy of the letter in the Library, explaining a further detailed breakdown of the schemes as far as I can. Obviously some of that will depend on future draw-down of loan guarantees, so inevitably figures cannot be precise, but we can certainly provide more information. I am happy to undertake that that will be done. Question put and agreed to. Clause 1 accordingly ordered to stand part of the Bill.


Secondary information

Type
Proceeding contribution
Reference
491 c159-60 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Finance Exports Industry Grants Export credit guarantees Government assistance UK Export Finance EU grants and loans Motor vehicles Loans Overseas investment
Legislation
Industry and Exports (Financial Support) Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk