Reconversion loans granted at reduced rates, under Article 56 of the ECSC Treaty, for investments which create alternative employment opportunities in areas affected by a decline in the activities of the coal and steel industries

The detailed rules for granting reconversion loans were published in Official Journal of the European Communities No C 178 of 27 July 1977, page 2 and they were supplemented or amended in Official Journal of the European Communities No C 82 of 29 March 1979, pages 8/9.

A list of financial institutions to which global loans had been granted was published in the abovementioned Official Journal of 1979 ; this list has been updated in Official Journal of the European Communities No C 16 of 22 January 1980, page 8 and No C 276 of 24 October 1980, page 2. Since then several new global loans have been granted. A. The current list of financial institutions to which global loans have been granted is as follows:

BELGIUM

Société régionale d'investissement de Wallonie 33, avenue de la Pairelle B-5800 Namur Tel. (0 81) 23 06 58

For information : Société de Développement belgo-luxembourgeoise 61, rue des Usines B-6490 Athus Tel. (0 63) 37 73 04

FEDERAL REPUBLIC OF GERMANY

Saarländische Investitionskreditbank Johannesstraße 2 Postfach 8 83 D-6600 Saarbrücken Tel. (06 81) 3 60 61

Westfalenbank Huestraße 21-25 Postfach 10 27 10 D-4630 Bochum 1 Tel. (02 34) 61 61

Industriekreditbank Karl-Theodor-Straße 6 Postfach 11 18 D-4000 Düsseldorf 1 Tel. (02 11) 8 22 11

FRANCE

Sofirem 31-33, rue de la Baume F-Paris 8e Tel. 225 95 00

Banque populaire de Lorraine 3, rue François-de-Curel boîte postale 124 F-57021 Metz Tel. (87) 69 24 12

Banque populaire de la Loire 1, place de l'Hôtel-de-ville F-42007 Saint-Étienne Cedex Tel. (77) 33 39 61

Lordex 109, boulevard d'Haussonville F-54041 Nancy Cedex Tel. (28) 27 05 22

Banque populaire du Nord 66, boulevard de la Liberté F-59000 Lille Tel. (20) 52 82 40

Société de développement régional du Nord et du Pas-de Calais 108, rue de Jemmapes F-59000 Lille Tel. (20) 55 62 80

Société de Développement régional du Sud-Est Le Britannia 20, Boulevard Eugène Deruelle F-69432 Lyon Cedex 3 Tel. (78) 60 41 20

Crédit National 45, rue Saint Dominique F-75700 Paris Tel. 555 91 10

IRELAND

Industrial Credit Company 32-34 Harcourt Street IRL-Dublin 2 Tel. (01) 72 00 55

ITALY

Banco di Napoli 402 Via Roma I-80134 Napoli Tel. (0 81) 405977

GRAND DUCHY OF LUXEMBOURG

Société nationale de crédit et d'investissement 3, rue de la Congrégation L-Luxembourg Tel. 47 83 15

THE NETHERLANDS

De Nationale Investeringsbank Carnegieplein 4 NL-Den Haag Tel. (70) 46 94 64

UNITED KINGDOM

Finance for Industry 91 Waterloo Road UK-London SE1 8XP Tel. (01) 928-7822

Scottish Development Agency 120 Bothwell Street UK-Glasgow G2 7JP Scotland Tel. (041) 248-2700

Industrial and Commercial Finance Corporation 91 Waterloo Road UK-London SE1 8XP Tel. (01) 928-7822

B. The rules for granting global loans and for applying for subsidiary loans under them are briefly summarized from the aforementioned publications in the Official Journal of the European Communities as follows:

Global loans may be granted to any financial institution capable of financing, under sound economic conditions, investments which are eligible according to Article 56 (1) (b) and 2 (a) of the ECSC Treaty.

The application for a global loan shall follow the same procedure as that required for a direct loan.

Small and medium-sized firms and craft industries may apply to one of the above-listed financial institutions for a reconversion loan up to a ceiling of 2 million European units of account (EUA). The cost of the investment projects, which is the subject of an application for a subsidiary loan may not exceed 10 million EUA. The subsidiary loan may not exceed 50 % of investment. The maximum subsidiary loan eligible for rebate shall be 20 000 EUA per job created.

C. Steel and coal workers and employees who have been or are to be made redundant and who wish to be self-employed can apply to the above-listed financial institutions for a reconversion loan within the same limits as existing small and medium-sized firms and craft industries.

D. Information

More detailed information on reconversion loans may be obtained from the national departments responsible, from the intermediaries abovementioned, from the following departments of the Commission of the European Communities and from the Commission's local consultants.

D. J. Dekker DG XVI, Division B 3 Rue de la Loi 200 B-1049 Brussels Tel. 735 80 40, ext. 3420.

M. Cervino DG XVIII, Directorate B Bâtiment Jean Monnet L-Luxembourg Tel. 43 01-3226.

Consultants

FRANCE

Lorraine

L. Bouchacourt Apeilor 1, Place du Pont-à-Seille F-57000 Metz Tel. (87) 75 36 18

Nord/Pas-de-Calais M. Maton Association pour l'expansion industrielle de la région Nord/Pas-de-Calais 16, Résidence Breteine Parc Saint-Maur F-59800 Lille Tel. (20) 55 98 82

UNITED KINGDOM

Wales

A. B. Connolly Iron and Steel Trades Confederation 34/38 Stow Hill UK-Newport NPT 1JE Tel. (633) 21 28 22