The EU's competition commissioner, Joaquín Almunia, had expressed scepticism that the Hinkley Point C scheme could satisfy the EU's stringent state aid criteria after the UK government agreed to underwrite the project with a loan guarantee and a commitment on the price of the electricity generated by the power station.
The evidence before us strongly suggests that investment in the unglamorous technologies, frameworks and infrastructures that are already known to underwrite citizen participation would result in better outcomes for tens of millions of ordinary Indians – and would shoulder the state with far-less onerous a financial burden – than investment in the high-tech chimeras of centralised control.
The government does not believe it is appropriate to keep borrowing money to underwrite a $10bn taxpayer funded bank that cherry picks investments in direct competition with the private sector.
Some £108m of the cash is to underwrite the new "deferred payment" scheme, by which councils will enable homeowners to postpone payment of long-term care costs until after their death, and so avoid selling their properties during their lifetime.
Companies associated with Murdoch and Packer were to underwrite a $132m rights issue by One.Tel in early 2001, but the fundraiser was cancelled as the company's directors believed it was not enough money to keep the telco going.
In late 2008, the Tories called for a £50bn national loan guarantee scheme that would underwrite a "significant percentage" of new loans to UK businesses.
Intel and Precipart were two brands that came in to underwrite Project Daniel.
If local government can underwrite early stage investments, as is happening in some places, then major flows of private sector investment can be secured.
This time last year, the NHS Confederation called on the then coalition government for three key commitments: a 10-year funding settlement for the NHS, a £2bn transition fund to underwrite service change and parity of esteem between physical and mental healthcare.
Avant uses machine learning to underwrite consumers whose credit scores were damaged during the financial crisis.
Domestic bank lending is now at its lowest for nine years.One problem is that banks have been able to disguise the extent and impact of many of their bad loans either by wrongly classifying them or by inflating the value of the stocks they hold to underwrite the loans.
