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COM (84) 423 
 
 
 
Vol. 1984/0 179 
  
 
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 openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic 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), this f ile 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. 
Februar 198 3 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 vom 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  
EUROPEAN COMMUNITIES
General SecretariatCOM (84) 423 final
Brussels, 23 July 1984
F O R  OFFICIAL USE ONLY
COMMUNICATION F R O M  THE COMMISSION TO THE COUNCIL
Request fo r assent, pursuant to A rtic le  56 (2a) of the E C S C  Treaty to the 
granting of a conversion loan to C e ltic Inns, Limited (United Kingdom)
C O M (84) 423 fin a l

F
COM M UNICATIO N F R O M  TH E  COM M ISSION T O  TH E  COUNCIL
Subject : Request fo r assent, pursuant to A rtic le  56 (2a) of the E C S C  Treaty
to the granting of a conversion loan to C eltic Inns, Limited 
(United Kingdom).
I. T H E  C O M P A N YNo. 394
Appli cant: C e ltic Inns, Limited
Registered O ffice : The C e ltic Manor, 
Coldra Woods, 
Newport, Gwent
Parent company of 
applicant: C e ltic Inns, Limited
Recipient: C e ltic Inns, Limited
Field of a c tiv ity  of 
re cip ie n t: Hotel and restaurant operation

-  2 -
II. T H E  P R O J E C T
Description: The project consists of an expansion of the
current hotel/restaurant operation into a  
complete resort complex with a  conference and 
training centre, a  championship standard golf 
course and fu lly  equipped Leisure and sport 
fa c ilitie s  including a  swimming pool.
f c  m illion
Cost : Land 3
: Buildings i
: Plant and machinery 
: Other
: Total1 1 .9 6
1.04
13.00 (jf 22.76  M ioECU)
Schedule : 1983 - 1986
Market: The com pany aims at gaining a  significant proportion
of the growing dem and identified in the local, 
national and international conference market for 
hotels with fu lly  equipped halls and meeting rooms 
together with high quality hotel, restaurant and 
leisure fa c ilitie s .
Envi ronment: Environmental protection measures in accordance 
with current legislation
The sectoral and competitionaspects of the projecthave been closely examined ;
they do not m ilitate againstthe granting of the loan applied for.
The Droiect aooears to be economically sound ; it  w iII m ake a  significant 
contribution to the redevelopment of the region which is suffenng the effects 
of a  decline in E C S C  industries.

I I I .  TH E  REG IO N-  3 -
Project location : Coldra Woods, Newport, South Wales
Unemployment rate : Gwent (October 1982): 16,8%
National aid status of 
proje ct area: Development Area -  Travel-to-work Area 
Newport
The E C S C  industry has been an important source of employment in the area.
IV. CO N FO RM ITY W ITH ARTICLE 56 O F  TH E  E C S C  TREATY
E C S C  redundancies in 
p ro je ct area: Gwent 1 9 7 7-1982 -  10 434 Steel
31.3.1978 -  31.3.1982 -  1  790 Coal
Jobs to be created by the project: 85 jobs suitab le for ex-ECSC workers 
out o f a to ta l o f 130 jobs
Training:  Specifi c r  on-the-job training will b e  
given b y  senior em p lo y ees
The Commission considers that the applicationcomplies with A rtic le  56 (2a)
of the E C S C  Treaty and that the newjODSio ue created by thfe project are  
capable of absorbing redundant E C S C  workers into productive employment.

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V. C O N VERSIO N  LO A N
Loan applied fo r : fc  6 · 5  nr1 1 ·1 · i ° n
Loan to be granted : The Commission has approved a^loan of _  _
------------------ — *-----------  fc  6.5 m illio n  (about 11.38 MioECU)
or
 equivalent to the above mentioned 
company (1 ).
In te re st rebate: 3 percentage points per year fo r fiv e  
years on 1.7 MioECU«
Job basis of in te re s t rebate: 85 jobs suitable fo r former E C S C  
industry workers, to w hom  they w ill be 
offered in p r io r ity .
VI« COUNCIL ASSEN T
The Commission requests the Council to give it s  assent to  the foregoing 
decision«
(1) In accordance with A rtic le  56 application c r ite r ia  C O J  C  191, 16 July 1983).