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1717631

registered interest
date	13/05/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, pursuant to the Answer of 13 May 2024 to Question 24406 on Export Credit Guarantees, whether (a) a Minister or (b) an official in her Department has unilaterally proposed a 100% guarantee in advance of negotiations with a company.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	25789
answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>The Department of Business and Trade has not unilaterally proposed a 100% guarantee to any company.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/05/2024 08:26:42 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1715332

registered interest
date	01/05/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, pursuant to the Answer of 19 February 2024 to Question 13544 on Export Credit Guarantees, whether (a) her Department or (b) UK Export Finance has unilaterally proposed a 100% guarantee in advance of negotiations with a company.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	24406
answer	answer is ministerial correction date of answer 13/05/2024 answer text <p>UK Export Finance has not unilaterally proposed a 100% guarantee in considering requests by applicants for its support.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 13/05/2024 15:11:46 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1714641

registered interest
date	29/04/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, how export development guarantees are scrutinised.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	24001
answer	answer is ministerial correction date of answer 02/05/2024 answer text <p>UK Export Finance (UKEF) undertakes appropriate financial and other due diligence on all applications for its support. Further information on the eligibility criteria for the Export Development Guarantee is provided online at <a href="https://www.gov.uk/guidance/export-development-guarantee#application-process" target="_blank">Export Development Guarantee - GOV.UK (www.gov.uk)</a>.</p><p>Information on UKEF’s governance and due diligence can also be found in its Annual Report and Accounts.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 02/05/2024 16:01:28 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1712790

registered interest
date	22/04/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, pursuant to the Answer of 19 February 2024 to Question 13545, whether legal advice has been sought on providing a 100% guarantee on lending to a company under the Export Development Guarantee.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	22910
answer	answer is ministerial correction date of answer 25/04/2024 answer text <p>HM Government does not comment on ongoing commercial discussions.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 25/04/2024 15:33:33 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1698550

registered interest
date	25/03/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, pursuant to the Answer of 13 March 2024 to Question 17476 on INEOS: Belgium, what assessment her Department has made of the potential impact of new business outside the UK on (a) sites and (b) industries in the UK.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	20435
answer	answer is ministerial correction date of answer 15/04/2024 answer text <p>I refer the Honourable Member to the response provided to Question 19719 on 25 March.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 15/04/2024 16:00:32 answering member 1526 label Biography information for Greg Hands
tabling member	4772 label Biography information for Kenny MacAskill

1691588

registered interest
date	26/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, whether there are limitations on how Export Development Guarantee funding is used.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	15586
answer	answer is ministerial correction date of answer 04/03/2024 answer text <p>The Export Development Guarantee is designed to support lending to exporters for general working capital or capital expenditure purposes. There is no requirement to limit the use of such funds, but specific features of a transaction, for example if the Export Development Guarantee loan is intended for a specific investment, may make this necessary.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 04/03/2024 12:06:19 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1688269

registered interest
date	07/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, how many loan facilities under the Export Development Guarantee Scheme have been guaranteed by UK Export Finance up to 100% in each of the last five financial years.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	13544
answer	answer is ministerial correction date of answer 19/02/2024 answer text <p>UK Export Finance (UKEF) has not previously 100% guaranteed any Export Development Guarantee (EDG) facilities.</p><p> </p><p>In principle, consideration can be given to guarantee percentages above 80% where this is needed to ensure the success of the transaction, subject to ensuring that the guaranteed loan meets UKEF’s requirements including compliance with applicable subsidy control rules.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 13545 question first answered 19/02/2024 10:56:14 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1688270

registered interest
date	07/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, for what reason UK Export Finance would provide a 100% guarantee on lending to company under the Export Development Guarantee.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	13545
answer	answer is ministerial correction date of answer 19/02/2024 answer text <p>UK Export Finance (UKEF) has not previously 100% guaranteed any Export Development Guarantee (EDG) facilities.</p><p> </p><p>In principle, consideration can be given to guarantee percentages above 80% where this is needed to ensure the success of the transaction, subject to ensuring that the guaranteed loan meets UKEF’s requirements including compliance with applicable subsidy control rules.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands grouped question UIN 13544 question first answered 19/02/2024 10:56:14 answering member 1526 label Biography information for Greg Hands
tabling member	1438 label Biography information for Lord Beamish

1485310

registered interest
date	01/07/2022
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	28876
answer	answer is ministerial correction date of answer 06/07/2022 answer text <p>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.</p><p> </p><p>Further information on the methodology applied can be found online at: <a href="http://www.gov.uk/government/publications/uk-export-finance-jobs-supported-2020-to-2021/uk-export-finance-jobs-supported-analysis-2020-21" target="_blank">www.gov.uk/government/publications/uk-export-finance-jobs-supported-2020-to-2021/uk-export-finance-jobs-supported-analysis-2020-21</a> and <a href="http://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" target="_blank">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</a>.</p> answering member constituency Finchley and Golders Green answering member printed Mike Freer question first answered 06/07/2022 10:55:50 answering member 4004 label Biography information for Mike Freer
tabling member	1536 label Biography information for Emily Thornberry

1485311

registered interest
date	01/07/2022
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Export Credit Guarantees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Trade, whether all contracts agreed by UK Export Finance for the provision of Export Development Guarantees in 2020-21 and 2021-22 have included commitments from the recipients relating to the creation or protection of prescribed numbers of jobs in the UK.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	28877
answer	answer is ministerial correction date of answer 15/07/2022 answer text <p>The eligibility criteria for the Export Development Guarantee (EDG) and other products offered by UK Export Finance are set out on GOV.uk. Provision of an EDG, which is a form of debt financing rather than direct ownership requires evidence of exporting and a UK footprint but does not require specific commitments on job creation.</p><p> </p><p>The terms of EDG-backed loans are negotiated with each borrower individually, and are commercially confidential. However, EDG-backed loans will typically contain provisions to ensure that the business receiving support remains substantially in the same form throughout the life of the loan.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 15/07/2022 12:25:25 answering member 4874 label Biography information for Andrew Griffith
tabling member	1536 label Biography information for Emily Thornberry