Export Credit Guarantees

Department for International Trade written question – answered on 6th July 2022.

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Photo of Emily Thornberry Emily Thornberry Shadow Attorney General

To ask the Secretary of State for International Trade, with reference to UK Export Finance: jobs supported analysis 2020-21, published on 22 June 2021, how many of the estimated (a) 107,000 jobs supported in the UK in 2020-21 and (b) 72,000 jobs supported in the UK in 2021-22 by UK Export Finance were attributable to the provision of Export Development Guarantees.

Photo of Mike Freer Mike Freer Assistant Whip, Parliamentary Under-Secretary (Department for International Trade), Parliamentary Under Secretary of State (Foreign, Commonwealth and Development Office) (Minister for Equalities)

Using the methodology explained in detail on GOV.uk, the number of jobs estimated to have been supported by UK Export Finance through general working capital schemes (which comprises General Export Facility and Export Development Guarantee products) for the years 2020/21 and 2021/22 were 76,000 and 40,000 respectively.

Further information on the methodology applied can be found online at: www.gov.uk/government/publications/uk-export-finance-jobs-supported-2020-to-2021/uk-export-finance-jobs-supported-analysis-2020-21 and www.gov.uk/government/publications/uk-export-finance-economic-impacts-of-our-support-2021-22/uk-export-finance-economic-impacts-of-our-support-2021-22.

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