Coal: Export Credit Guarantees

Department for Business, Innovation and Skills written question – answered on 27th January 2015.

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Photo of Caroline Flint Caroline Flint Shadow Secretary of State for Energy and Climate Change

To ask the Secretary of State for Business, Innovation and Skills, what the (a) type and (b) value of support provided by UK Export Finance for projects, goods or services supplied to the coal mining sector was in (i) 2010-11, (ii) 2011-12, (c) 2012-13 and (d) 2013-14.

Photo of Caroline Flint Caroline Flint Shadow Secretary of State for Energy and Climate Change

To ask the Secretary of State for Business, Innovation and Skills, what the (a) type and (b) value of support provided by UK Export Finance was for projects, goods or services supplied to the coal mining sector in this financial year to date.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

The table below shows the value and type of export credit financing support provided under its medium and long term products by UK Export Finance for projects in the coal mining sector in each year between 2010/11 and 2013/14.

2010/11

2011/12

2012/13

2013/14

2014/15

Value (£)

0

13,551,029

53,627,280

0

0

Type of support

N/A

Guarantee

Guarantee

N/A

N/A

Further details of the support provided were published in UK Export Finance’s Annual Report and Accounts for 2011/12 and 2012/13.

Under its products aimed at supporting exports of goods and services sold on short terms of credit (e.g. light manufactured items), UK Export Finance does not routinely record the sector of the overseas buyer. However, to the best of its knowledge, UK Export Finance has not provided support under these products that directly relates to the coal mining sector.

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