UK Export Finance

Department for International Trade written question – answered on 26th October 2018.

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Photo of Barry Gardiner Barry Gardiner Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change), Shadow Secretary of State for International Trade

To ask the Secretary of State for International Trade, whether the £3 billion available under UK Export Finance's Direct Lending Facility will be replenished as previous loans are repaid.

Photo of Barry Gardiner Barry Gardiner Shadow Minister (Department for Business, Energy and Industrial Strategy) (Energy and Climate Change), Shadow Secretary of State for International Trade

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.

Photo of Graham Stuart Graham Stuart Assistant Whip, Parliamentary Under-Secretary (Department for International Trade)

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.

https://www.gov.uk/government/publications/uk-export-finance-annual-report-and-accounts-2017-to-2018

Information for the remainder of 2018 will be published in UKEF’s ARA, 2018-19.

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