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■tau 't.«i
COMMISSION
OFTHE r
EUROPEAN COMMUNITIESCOM(82)363 final
Brussels,June1982
FOROFF1CIAL USEONLY'
GeneralSecretariat
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Requestforassent,pursuanttoArticle562a)oftheECSCTreaty,
tograntingareconversion LoantoHunterprint GroupLimited,
."UnitedKingdom
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(Communication fromthe.CommissiontotheCouncil)
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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
INTERNAL DOCUMENT
DraftCommunication totheCouncil
Subject;Requestforassent,pursuanttoArticle562a)ofthe
ECSCTreaty,togranting areconversion loanto
Hunterprint GroupLimited,UnitedKingdom.
I.THECOMPANY No.351
Applicant Hunterprint GroupLimited
Registeredoffice St.Albans,Herefordshire
Parentcompanyof
theapplicantThefullypaidupcapitalof1:415,000ofthe
companyisheldmainlybyWrenTrustLimited
(fc235,000)andM.G.HunterandL.R.Hunter
(fc164,300).
Recipientoftheloan:Hunterprint GroupLimited
Fieldofactivityof:TheGrouphas,overthepastfewyears,established
therecipient itselfasoneoftheleadingprinthousesinthehigh
quality,fullcolourweb-offset volumeprintingmarket.Itscommercial products
compriseprintedmaterialsuchasleaflets,brochures andcatalogues,whilstits
specialproductsconsistofadvertising materialwithcomputersprocketdrive-
holes,apertures,gluedareas,perforated stampsandnumbering asusedinlarge
computermailshotssuchasthosecarriedoutbytheReadersDigestAssociation .
TheGroupnowhastwosubsidiary companies :PeterleePrintFinishersLtd.,and
GraphicBindingLtd.,andemploys211peopleinthreelocations :Peterlee111,
Radlett66,St.Albans34.

THEPROJECT
Description
Theproposedinvestment'forflis^part ;ofa.-continuingexpansionprogrammeoftheGroupandinvolvesr^l'fonalisationofthe"SpecialProducts"
productionintoanewfacto'ry'at'C6cby,Northamptonshire andtheexpansion
oftheGroupfrrintcapacityatPeterlee.Afterthetransferoffinishing
activities ,ffomSt.AlbanstoPeterleeandofcomputerequipmentand
administrative officesfromRadletttoCorby,theRadlettandSt.Albans
premiseswill.,beclosetf.f<- '
Cost(infcOQO)
Schedule:;Lands)
:-Buildings;•
i:;#lant>andmachinery1,020
3,449
4,469(8MioECU)
"
'^rSn"On'thebasisofearlyapprovaloftherequested
ECSC.loan,themaindatesareasfollows:commence
mentofCorbyfactoryMarch1982,completionof
CorbyfactoryNovember1.982,receiptof48page
M85QLpressforPeterleeJanuary1983,Corby
fulTyoperational (transfercompleted)March1983,
Peterleefullyoperational (including M.850L)
Aprii1983.
MarketMarketv v.:TheGroup.competesinthefollowingmajormarkets:
Consumeradvertising;;«maiIorder"houseprinting;holidaycompaniesand
airlines;-majoradvertisingagencies.
TheGroup'sspecialproductsaccountforonlyfc4millionofthetotalturnover
oft14.5million,but;recentsales•effortstoencouragemarketacceptancehave
beensuccessful.RecentsuccessesincludedobtainingordersfromFrance,
Holland,Belgiumand^Germany.Thecentralisation ofproductionofspecial
productsatonelocationwillincreaseefficiency andenablethegroupto
matchservicespreviouslyconsideredtobethepreservesofmodernlarge-
scaleAmericanandcontinentalprinters.
Onthecommercialproductssideat'Peterlee,theGroupwillhaveoncompletion
oftheprojectthree32-pagepressesandone48-pagepress.TheGroupbelieves
thattheproposedrationalisation kndexpansionofcapacityatPeterleewill
enableittomeettheknownneedsoflargecustomerswhooftenhavetolook
abroadforsupplierswhocanmeetthehighquality/largevolume/stringent
deliveryrequirements whichtheyset.
Environment Environmentprotectionmeasuresinaccordance
withcurrentlegislation .
Thesectoralandcompetitionaspectsoftheprojecthavebeenclosely
examined;theydonotruncountertograntingtherequestedloan.
Theprojectappearseconomically sound;itwil'lmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries . .

III.THEREGION
Projectlocation
Unemployment rateJ>"''f
' '.
Nationalaidstatusof
projectarea
TheECSCindustryhasbeentheNorthWestIndustrialEstate,Peterlee,
Co-Durham,andEarlstreesIndustrial
Estate,Corby,Northamptonshire (East
Midlands)
;TheSouth-EastDurhamtravel-to-workarea,
whichincludestheemploymentofficearea
',ofPeterlee,hasarateof16.4%(December
1981).Theunemployment rateintheCorby
;-travefc-to-workareais20.7%.
,*?'*
:Specialdevelopmentarea(Peterlee),
development areaandsteelclosurearea
^(Corby).
mainsourceofemploymentintheareas.
IV.£QUFQBMiroiIH_fiBr^56_22l_C£_ItiE_E£S£_IB£An
ECSCredundancies'inproject
area ;V;.•' ■
JobscreatedbytheprojectPeterleearea:about700redundancies in
v-coal-miningplusover3,000steelredun­
danciesinthelast12monthstotheend
„ofNovember1981.Thisisontopofthe
4,500steeljobslostintheConsettarea
(tothewestofPeterlee).
Corbyarea:B.S.C.'sdecisiontoclose
steelmakinginCorbyresultedinthe
directlossofover5,000jobs.
TheGroupexpectstoemploy272peopleby
1985,157inPeterleeand115inCorby.
TheincreaseinjobswithinCoalandSteel
ClosureAreaswillthenbe161(272minus
111currentlyemployedinPeterlee).Taking
intoconsideration ,however,that28em­
ployeesfromRadlettarelikelytotransfer
toCorby,only133jobswillactuallybe
onoffer.TheGroupconsider?thatapproxi-
matively102ofthesejobswillbesuitable
forex-ECSCemployees.
Training willbeprovidedbytheGroup.
TheCommissionconsidersthattherequestcomplieswithArt.562aof
theECSCTreatyandthatthenewjobscreatedbytheprojectswillhelp
tobringredundant ECSCworkersbackintoproductiveemployment.

-4-
V.CONVERSION LOAN
Loanrequested :fc2,235,000
Loangranted :TheCommission hasapproved aloanof
fc2,235,000 (about4MioECU)orequivalent
totheabovementioned company,inaccord­
ancewithArt.56application criteria
(O.J.No.C82/8of29March-1979).
Interestrebate :3percentage pointsperyearforfive
yearson2,040*000ECU.
Jobbasisofinterest -rebate :102jobssuitableforformercoaland
steelworkerswhoaretobegivenpriority .
•£i-'
VI.COUNCILASSENT XV;-
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision. "
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