Exports: Government Assistance

Department for Business, Innovation and Skills written question – answered on 11th March 2015.

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Photo of Chuka Umunna Chuka Umunna Shadow Secretary of State for Business, Innovation and Skills

To ask the Secretary of State for Business, Innovation and Skills, how many firms have received through UKEF (a) insurance support, (b) bank guarantee trade finance products, (c) bank guarantee loan products and (d) other support in each month of the 2014-15 financial year.

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

Due to there often being a time delay (particularly in relation to products aimed at smaller exporters) for support to be recorded on UKEF’s systems after it has become effective, a definitive month-by-month breakdown of the type requested is not available. Based on the information available, in the financial year to end-January UKEF has supported 145 different exporters, up from 130 supported during 2013/14.

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