Topical Questions

Part of International Trade – in the House of Commons on 14th March 2019.

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Photo of Liam Fox Liam Fox The Secretary of State for International Trade and President of the Board of Trade

We have signed a memorandum of understanding with the five biggest banks so that they can encourage businesses to utilise UK Export Finance. One of the main areas where it is under-utilised is small businesses, but the positive side is that last year more than 70% of the agreements signed by UKEF were with small businesses. That is a trend that we would like to see continue.