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1694129
registered interest false more like this
date less than 2024-03-06more like thismore than 2024-03-06
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Export Credit Guarantees: Debts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business and Trade, pursuant to the Answer of 4 March 2024 to Question 15586 on Export Credit Guarantees, whether Export Development Guarantee funding can be used to service existing company debts. more like this
tabling member constituency North Durham more like this
tabling member printed
Mr Kevan Jones more like this
uin 17315 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-03-13more like thismore than 2024-03-13
answer text <p>The Export Development Guarantee (EDG) is provided to enhance the borrower’s exporting capability. UK Export Finance assesses the intended use of funds on all EDG transactions.</p><p> </p><p>Subject to the terms and conditions of the financing documents, if funds are provided with no explicit limitations, then they become part of the borrower’s general cash to be used in the normal course of business, which can include debt service.</p> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2024-03-13T16:53:41.887Zmore like thismore than 2024-03-13T16:53:41.887Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
1438
label Biography information for Mr Kevan Jones remove filter