Clive Betts
Chair, Levelling Up, Housing and Communities Committee, Chair, Levelling Up, Housing and Communities Committee
To ask the Secretary of State for Business, Innovation and Skills what the planned repayment period was for the proposed loan to Sheffield Forgemasters which was withdrawn on 17 June 2010; and what the total planned repayment amount was, including interest payments.
Mark Prisk
The Minister of State, Department for Business, Innovation and Skills
The planned repayment period for the loan to Sheffield Forgemasters was 14 years. The total planned repayment amount would be £110.9 million.
Equity warrants would have provided an additional return to HMG the exact quantum of which would have depended on the outcome of the project.
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