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Business: Government Assistance

Treasury written question – answered on 18th June 2009.

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Photo of John Barrett John Barrett Shadow Work and Pensions Minister

To ask the Chancellor of the Exchequer whether any consortiums have requested loans from his Department's Infrastructure Finance Unit.

Photo of Ian Pearson Ian Pearson Economic Secretary, HM Treasury

The Manchester Waste Authority, through DEFRA, requested a loan for their project. The Treasury's Infrastructure Finance Unit (TIFU) provided £120 million, which contributed to the project reaching financial close on 8 April.

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