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Vol.1980/0253

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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
Genero !Secretariat
REQUESTFORASSENT,PURSUANT TOART.56.2.a)OFTHEECSCTREATY
TOGRANTING ARECONVERSION LOANTO"BUSMANUFACTURERS LTD.",U.K.
(Communication fromtheCommission totheCouncil)
C0M<80)799final

COMMISSION
OFTHE
EUROPEAN COMMUNITIES
Internaldocument
Communication totheCouncil
Subject:Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
tograntingareconversion loantoBusManufacturers Ltd.,U.K.
I.THECOMPANY .N°:308
Applicant :BusManufacturers Ltd.
RegisteredOffice :Preston,Lancashire
Parentcompanyof
applicantBeneficial ownershipwithBusManufacturers Holdings
(BM(H)Ltd.)whichisequallyjointlyownedby
LeylandVehiclesLtd.andNationalBusCompany
Beneficiary BusManufacturers Ltd.
Fieldofactivityof:Themanufacture ofbuses,buschassis,busbodies
beneficiary andparts.
«y
Piovismoloddress :RuedeloLoi200,B-Î040Brussels-Téléphone350040-358040-Telearophicaddress:«COMEURBrussels•-
Telex:•COMEURBRU 21877.

-2-
II.THEPROJECT
Projectdescription >Extensionofapurposebuiltfactoryat
Workingtontoaccommodate theassemblyof
doubledeckbuses.Theadditional working
areawillbeapproximately 8,500sq.metres.
Projectcostfc'OOOs :Land
:Buildings 2,569
:Plantandmachinery 701
:Other 762
ïTotal 4,032
Projectschedule :Theinvestmentprojectwillbeimplemented
withintwo'years,startingsecondquarter1980.
In1982fullcapacityofsevenbusesperweek
singleshiftwillbereached.
Market :Thedoubledeckbus(knownastheTitan)will
competeintheU.K.doubledeckbusmarketonly.
TheTitanismostsuitablefor^stagecarriage
routes.
Environment :Environment protection measuresinaccordance
withrégulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries. 1

THEREGION
Projectlocation :Workington,Cumbria.NorthernRegion.
Unemployment rate :8.8%intheWorkingtontravel-to-work
area.
Nationalaidstatusof :SpecialDevelopment Area
proiectarea
TheECSCindustryhasbeenanimportantsourceofemployment
inthearea.
CONFORMITY_WITH_ART _.56_0FTHE_ECSCTREATY
:TotalB.S.C.employment intheWorkington
areahasdeclinedfromapproximately
4,500somefiveyearsagotoitspresent
3,500.B.S.C.haverecentlyannounced
525redundancies attheirMossBayplant.
:Theseredundancies aretobephasedover
theperiodJuly1980toMarch1981.
:271newjobs
:willbeprovidedbythecompanyECSCredundancies in
projectarea
JobCreationofProject
Training
TheCommission considersthattherequestcomplieswith
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbingredundant ECSCworkersintoproductive employment.

RECONVERSION LOAN
Loanrequested
Loangrantedfc2million
TheCommission hasapproved aloan
offc2million (about3.3MEUA)
orequivalenttotheabovementioned
companyinaccordance withArt.56
operatingpolicies(O.J.No.C82/8
of29March1979).^
Interestrebate 3%pointsperyearforfiveyearson
3.3MEUA
Jobbasisofinterestrebate 165
CQ!JNCIL_ASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.