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COM(81)531
Vol.1981/0160

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COMMISSION
OFTHE
EUROPEAN COMMUNITIESCOM(81)531 final
Brussels,?hQ.1-g..
FOROFFICIA LUSEONLY
GeneralSecretario !
REQUEST FORASSENT,PURSUANT TOART.562a)OFTHE
ECSCTREATY TOGRANTING AGLOBAL LOANTO"CLYDESDALE
BANKLIMITED".UNITED KINGDOM
(Communication fromtheCommission totheCouncil )
COM(81)531final

COMMISSION
OFTHE
EUROPEAN COMMUNITIESINTERNAL DOCUMENT
Communication tothe Council
Subject ;Request forassent ,pursuant toArt .562a)ofthe ECSC Treaty
togranting aglobal loan toClydesdale Bank Limited ,
United Kingdom .
I. THE INTERMEDIARY FINANCIAL AGENCY No.335ΕΕΒ·α·ΒΒΒΒΒ·α=8αα··αακα··ΐΒΒΒΒΐΒ· ν-'*/
Applicant :Clydesdale Bank Limited ,
United Kingdom .
Registered office :Glasgow
P.arent company of
applicant :Midland Bank Limited
II.BENEFICIARIES Small and medium-sized firms that extern
existing facilities and/orgenerate new
activities .
Field ofactivity ofthe
beneficiaries Industrial and servioe activities .
1J-;esi.PJCdelaLo!200,B-1040Brusse«s-Telephone350040-358040-Telegraphi.c edd'ess :COME'jkr''c.
.,..... ._Τ-Ι--.Γ*ΠΜΡίιρηρϊ IΑ77.^_ -- ... -

-2-
III .THE PROJECT
BBS8SBS8SSS
Procédure
TheCommission will make £5N(about 9.44MioECU )available toClydesdale
Bank Limited .Theloan will bedisbursed within aperiod ofthree years
inthenumber oftranches appropriate tothesub–loans approved .lie
sub-loans will beapproved bytheCommission *sServices inaccordance with
thecriteria andobjectives published bytheCommission (Official Journal
Ifo.C178/2of27July 1977 andOfficial Journal No.C82/8of
29March 1979 ).
Clydesdale Bank Limited will report totheCommission annually on
theusetowhich theglobal loan hasbeen put .Itwill also report annually
onthere-employment ofex-ECSC workers bythebeneficiaries oftheloan .
Global amount oftheinvestment :'£.1QM (_+18.89 MioECU )
IV.TJHE REGION
Project location
Unemployment rate
National aid status of
project areaTheglobal loan will apply inallareas of
Scotland which areaffected bytherundown
incoal and steel .
AsperFebruary 12,1981
Central 12.1
Dumfries andGalloway 12.3
Fife 11.9
Lothian 9*7
Strathclyde 15*1
Assisted areas and/orsteel conversion areas .
TheECSC industry hasbeen animportant source ofemployment inthearea .

-3-
V. CONFORMITY WITH ART .56OFTHE ECSC TREATY
ECSC redundancies in
project area Since 1975 losses insteel have totalled
9250located asfollows :Glasgow (Tollcross ,
Cambuslang )375^1 North Lanarkshire
(Motherwell ,Wishaw ,Hamilton ,Bellshill )
4500 ?Garnoch Valley 1000 .Asaresult of
farther rationalisation ofhigh cost BSC
plants ,more marginal joblosses from the
17300nowemployed byBSCinScotland might
occur .There have also been joblosses in
ooal-mining over thepast years ,notably in
Ayr ,Grangemouth andEdinburgh .
Job creation ofproject
Training:Atleast 472jobs suitable forformer ECSC
workers .
:Through Manpower Services Commission and
loan beneficiaries .
TheCommission considers that therequest complies with Art .562a)
ofthe ECSC Treaty .
VI.GLOBAL LOAN
Loan requested
Loan granted
Interest rebate
Job basis ofinterest rebate£5M
TheCommission has approved aLoan
of£5M (±9.44 MioECU )
orequivalent totheabove mentioned
company inaccordance with Art .56
operating policies (O.J. No.C82/8
of29March ,1979 ).
3%points peryear forfive years on
9.44 MioECU
472 jobs suitable forandtobeoffered
inpriority toex-ECSC workers .
VII .COUNCIL ASSENT
TheCommission invites theCouncil togive itsassent totheforegoing
decision .