Business: Exports - Question

Part of the debate – in the House of Lords at 11:13 am on 6th July 2017.

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Photo of Lord Bates Lord Bates The Minister of State, Department for International Development 11:13 am, 6th July 2017

My noble friend will be aware, of course, that the export finance levels were doubled by the Chancellor in the Autumn Statement last year. That will be a significant increase. Some 279 companies had access to export finance and more than 70% of those were small and medium-sized enterprises—precisely the sorts of organisations that we need to encourage to do more.