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National Loan Guarantee Scheme

House of Lords written question – answered on 14th December 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government how long they expect the process will take of obtaining European Commission approval under state aid rules for the national loan guarantee scheme.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

The Government are currently working to set the details of the national loan guarantee scheme. The scheme is expected to be up and running early next year.

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