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DOCUMENTS "COM"
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Vol.1980/0275

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COMMISSION
OFTHE
EUROPEANCOMMUNITIES
Genero!Secretoria!COM(80)875 final
Brussels.22December1980
FOROFFICIAL USEONLY
Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
togranting areconversion loantoMerryweather andSonsLimited,
UnitedKingdom
\
(Communication fromtheCommission totheCouncil)
C0NK80)875final

COMMISSION
OFTHE
EUROPEANCOMMUNITIES
INTERNAL DOCUMENT
Communication totheCouncil
Subject:.Requestforassent,pursuanttoArt.56.2.a)oftheECSCTreaty
togranting areconversion loantoMerryweather andSonsLimited,U.K.
I.THECOMPANYNo.314
Applicant :Merryweather andSonsLimited
Registered Office Windsor,Berks.,England
ParentCompanyof
applicantSince1970Merryweather is.awhollyowned
subsidiary companyofSiebeGormanHoldingsLimited,
Beneficiary Merryweather andSonsLimited
Fieldofactivityof:Thecompanydesignandmanufacture portable
beneficiary equipment,marineequipmentandappliances,
includingairportcrashtenders,specialist
vehiclesandthelatestelectro-hydraulic
turntableladder.Merryweather productsare
suppliedtotheU.K.marketandexported
throughout theworld.
•:,CdeloLoi200,B-1010Bossoli-l'eiepim350040.351*040 -TelegrophirccM.e<.«:f.'fJMH•-
!Telex ■COMFijRflRij ?1

,.•."t♦♦
II.THEPROJECT
Projectdescription :Theprojectinvolvesthecompleteremovalof
themanufacturing andadministration functionsfromthecompany'spresent
locationatGreenwich,London,toRassayIndustrialEstate,EbbwVale,where
modernpremisestogetherwithasupplyofsuitablyqualifiedworkforcerender
possiblefurthergrowthofthecompany.Theprojectwillalsoinvolve
considerable expenditure onplant,machinery,etc.,tocompletelyupgrade
themethodofmanufacture anddesignoftherangeofcapitalequipment
supplied.Thegreatestpartofthisexpenditurewillbefortheproduction
ofthenewelectro-hydraulic turntableladder.
Projectcostfc'OOOs :Land
Buildings 113
Plantandmachinery 1,978
Other 145
:Total 2,236
Inadditiontherewillberemovalcostoft2,638,000
Projectschedule :TheDroiectisforecast :Theprojectisforecasttobecompletedby
31stMarch,1983.
MarketU.K.,OverseasmarketsoftheMiddleEast,
Commonwealth andtheThirdWorld.
Environment :Environment protectionmeasuresinaccordance
withrégulations inforce
Theprojectappearseconomically sound;itwillmakeaveryusefulcontribution
totheredevelopment oftheregionconcernedwhichisaffectedbyadeclinein
ECSCindustries.

-3-
III.THEREGION
Projectlocation :RassauIndustrialEstate,EbbwVale,
Gwent,SouthWales.
Unemployment rate :16.7%intheEbbwValetravel-to-work
area.
Nationalaidstatusof
projectareaSpecialDevelopment Area
TheECSCindustryhasbeenanimportantsourceofemployment
inthearea.
IV.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundancies ir,
projectareaClosureofsteelmaking atB.S.C.
EbbwValesteelworks;about5,000
redundancies since1973.
Jcbcreationofproject 165
Training Willbeprovidedbytheapplicant.
TheCommission considersthattherequestcomplieswith
Art.562a)oftheECSCTreatyandthatthenewjob
opportunities offeredbytheprojectarecapableof
absorbingredundant ECSCworkersintoproductive employment .

RECONVERSION LOAN
Loanrequested :fci100,000
Loangranted :TheCommission hasapproved aLoan
offc-|,100,000(about1.86MEUA)
orequivalent totheabovementioned
companyin,accordancewithArt.56
operatingpolicies ,(0.J.No.C82/8
of29March1979).
Interestrebate :5%pointsperyearforfiveyearson
1.800,000EUA.
Jobbasisofinterestrebate:90
COUNCIL ASSENT
TheCommissioninvitestheCounciltogiveitsassenttothe
foregoingdecision.