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COM (85) 095 
 
 
 
Vol. 1985/0 028 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the opening to the public of the historical archives of the European Econom ic 
Communit y and the European Atom ic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), t his file is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februa r 1983 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 v om 27.9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION 
OF THE :
E  U R 0P E AN COMMUNITIESC O M (85) 9 5 final
Brussels,
14 M arch 1985
FOR OFFICIAL U S E  ONLY
C O M M U N IC A T IO N .FR O M  T H E  C O M M IS S IO N  TO T H E  C O U N C IL
Request for assent, pursuant to Article 56(2)(a) of the E C S C  Treaty 
to the granting of a  global loan to the Welsh Development Agency,
United Kingdom
C O M (85) 95 final

Communication to the Council
Subject :  Request for assent, pursuant to Article 56 2a) of the E C S C  Treaty
to the granting of a  global loan to the W elsh Development Agency, 
United K ingdom «
F IN A N C IA L  IN T E R M E D I A R Y
No.403
Applicant W elsh Development A gency ( W D A )
Registered Office Treforest Industrial Estate, 
Pontypridd, M id Glamorgan, 
W ales C F 3 7  5 U T
Shareholders T he W D A  is a  statutory corporation set u p  
b y  the W D A  A ct 1975» It does not have a  
capital structure in the commercial sense 
but draws capital funds from  the government 
as needed and subject to government approval«
For investment in businesses, the A gency is 
advanced such funds in the form  of loans (from 
the National Loans F und C N L F )  or public dividend 
capital (P D C )« For other capital expenditure, 
it draws grant in aid« There is n o  outside 
shareholding in the A gency and its Board is 
appointed b y  the Secretary of State for W ales«
II. R E C IP IE N T S T he W D A  will sub-lend to small and m ed iu m  
sized firms,for the expansion of existing 
and/or the creation of n e w  activities»
Field of Activity of 
recip ient s Industrial and service sectors.I.

-  2 -
III. T H E  P R O J E C T
Procedure This L o a n  is a  second global facility, the first having 
been fully utilised- In this instance the Com m ission 
has decided to m ak e U K f c  1 0  million (about 16-549 M io E C U ) 
available to the W D A  to be disbursed in sub-loans to 
small and m edium  sized businesses in E C S C  em ploym ent 
areas- The loan will be paid in instalments over three 
years as sub-loans are approved- The Commission will 
approve individual sub-loans on the basis of its 
published operating principles (0-J- N o- C  1 9 1  of 
1 6  July 1983)- T he W D A  will report annually to the 
Commission on the use m ade of the global loan as well 
as o n  the job creation and the re-employment of ex-E C S C  
workers in the firms benefiting from sub-loans.
Total am ount of 
investment at least U K f c  20,000,000 (+  33-097 M io E C U )
IV. T H E  R E G I O N
Project location E C S C  em ploym ent areas in Wales- Outside E C S C  areas 
the strict social clause will be applied (0-J- C  1 9 1  
o f'  16-7-1983, Operating Principles, para- 14, second 
sentence)-
U nem ploym ent rate W ales 1 7 -0 %
National Vid status of 
project areaN Steel and coal closure areas-
T h e E C S C  industry has been and still is a  major employer in the area.

V . C O N F O R M I T Y  W I T H  A R T IC L E  5 6  2a) O F  T H E  E C S C  T R E A T Y
E C S C  redundancies in 
project area W ales 1977 - 1982 :  35/10 job losses.
Jobs to be created 
by the project
TrainingO n  the assumption that all the jobs will be created 
in priority E C S C  employment areas, so m e 1 2 4 1  econo­
mically viable jobs will be involved»
:  Through the M anpow er Services Commission and b y  
the sub-borrowers-
T he Commission considers that the application complies with Article 5 6  2a) 
of the E C S C  Treaty.
VI. G L O B A L  L O A N
L oan applied for I J K f c  10,000,000 (16-549 M io E C U )
L oan to be granted
Interest rebateT he Com m ission has approved a  loan of 
U K t 1 0  million (about 16-549 M io E C U ) or 
equivalent to the above mentioned institution 
(1)
5  percentage points per year for five years 
on 16-540 M io E C U -
Job basis of interest rebate :  827 jobs (i.e. 2/3 of the jobs to be created)
VII. C O U N C I L  A S S E N T
T he Commission requests the Council to give its assent to the foregoing 
decision
(1) In accordance with the application criteria (0J C  1 9 1  of 1 6  July 1983)-  3 -