To ask the Secretary of State for International Trade, which (a) countries and (b) companies have received finance from the Direct Lending Facility and at what amount in the last 12 months.
Approximately £1.745bn of the £3bn available under UK Export Finance’s (UKEF) Direct Lending Facility has been committed.
UKEF’s £3bn Direct Lending Facility is recyclable, so that when the principal is repaid, it can then be re-lent for other projects in the future.
Where such information is not commercially sensitive, UKEF publishes details of the companies it has supported, the export country, the type of support provided and the amount of support provided on an annual basis in its Annual Report and Accounts (ARA) which are presented to Parliament and can be found on UKEF’s website. The most recent ARA covers the Financial Year 2017-18.
Information for the remainder of 2018 will be published in UKEF’s ARA, 2018-19.