ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (81)353
Vol.1981/0111

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariat
(
1
REQUESTFORASSENT,PURSUANT TOART.562a)OFTHEECSCTREATY
TOGRANTING AGLOBALLOANTO"BARCLAYS BANKLIMITED".U.K.
(Communication fromtheCommission totheCouncil)COM(81)353 final
Brussels,6thJuly1981
FOROFFICIALUSEONLY
COM(81)353final

Communication tothe Council
Subject :Request forassent ,pursuant toArt .562a)oftheECSC Treaty
togranting aglobal loan toBarclays Bank Limited ,UK.
THE INTERMEDIARY FINANCIAL AGENCY No.329ΒΒ8ΜΒ888ΒΟΒΒ58ΒΒΙΙ8ΒΜ1ΙΙΒΟΙ8Β8·
Appticant :Barclays Bank Limited ,UK
- %
Registered office :London
Parent company of
applicant :N/A
§£NEFICIARIES :Barclays Bank Limited will ,through itslocal
branch network ,pass ontheglobal loan to
small and medium-sized firms for the extension
ofexisting activities and/orthecreation of
new activities .
Field ofactivity ofthe
beneficiaries :Industrial and service activities .
R,,edelaLo«200,B–i040Brusseis-Téléphone350040-358040–Télégraphieeddress:COME'..:£!*r
T»Iäv„rOMP!iPRPiI91R77u.

-2-
III .THE PROJECT88S8SBSSSSS
Procédure
TheCommission will make £10M(18.52 MioECU )available "toBarclays Bank
Limited .Theloan will bedisbursed within aperiod ofthree years in
thenumber oftranches appropriate tothe sub-loans approved .The
subsidiary loans will beapproved bytheCommission 'sServices in
accordance with thecriteria and objectives published bytheCommission
(Official Journal No.C178/2of27July 1977 and .Official Journal
No.C82/8of29March 1979).
Barclays Bank Limited will report totheCommission every si*months on
theusetowhich theglobal loan hasbeen put .Itwill also report
annually onthere-employment ofex-EC SCworkers bythebeneficiaries
ofthe loan .
Global amount oftheinvestment :Atleast £20M _37.06 M10ECU )
IV.THEREGION *
Project location :Theloan will apply inallareas ofJhgland •
andWales which areaffected bytherundown
incoal and steel .
Unemployment rate :Ranging from 6%to23%
(Corby 21.5% ,Consett 23.8% asat12Feb.1981 ).
National aid status of
project area :Assisted areas and coal and steel conversion
areas .
TheECSC industry hasbeen animportant source ofemployment inthearea .

-3-
V. CONFORMITY WITH ART .56OFTHE_ECSC TREATY
ECSC redundancies in
project area Prom April 1977 to1979 »British Steel
Corporation has reduced itslabour force
bysome 22000 .InDecember 1979 f"the
Corporation announced further redundancies
ofabout 52000forthenear future .The
Corporation 'slatest plan for survival
involves atleast 20000 redundancies on
topofthe 52000 jobs announced andby
nownearly completely lost .Inaddition
major joblosses took place atprivate
steel companies .
Jobcreation ofproject :Atleast 926jobs suitable forformer
ECSC workers .
Training :Through Manpower Services Commission and
loan beneficiaries .
TheCommission considers that therequest complies with Art .562a)
ofthe ECSC Treaty .
VI.GL0BAL_L2AN
Loan requested :
Loan granted :
Interest rebate :
Job basis ofinterest rebate :
VII .COUNCIL ASSENT£10 M
The Commission hasapproved aloan
of £10M (+18.52 MioECU )
orequivalent totheabove mentioned
company inaccordance with Art .56
operating policies (O.J. No.C82/8
of29March ,1979 ).
3%points peryear forfive years on
18.52 MioECU
926 jobs suitable forandtobeoffered
inpriority toex-ECSC workers .
TheCommission invites theCouncil togive itsassent totheforegoing
decision .