Shipbuilding: Trade Competitiveness

Department for Business, Energy and Industrial Strategy written question – answered on 21st June 2022.

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Photo of Paul Girvan Paul Girvan Shadow DUP Spokesperson (Education), Liberal Democrat Lords Spokesperson (Transport), Shadow DUP Spokesperson (Transport)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has plans to develop new financial support packages to help support UK shipyards to compete internationally.

Photo of Lee Rowley Lee Rowley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Government Whip, Lord Commissioner of HM Treasury

The Department for Business, Energy and Industrial Strategy is developing proposals for a Home Shipbuilding Loan Guarantee instrument as part of the cross-Whitehall National Shipbuilding Strategy. We hope to launch this instrument shortly.

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