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UK Export Finance (UKEF) does not invest equity or provide funding into projects. The support it provides is in the form of insurance or guarantees for loans from commercial lenders.<\/p>

<\/p>

UKEF considers all applications for support on their respective merits based on objective criteria. Any support given is provided on commercial terms, generating a return for the UK taxpayer.<\/p>

<\/p>

UKEF applies rigorous due diligence processes before providing support for any transaction.<\/p>

<\/p>

As is usual with such applications, there was no ministerial involvement in UKEF\u2019s decision to support this transaction, which is driving growth and creating high-skilled green jobs in Northern Ireland.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4601", "label" : {"_value" : "Biography information for Andrew Bowie"} } , "answeringMemberConstituency" : {"_value" : "West Aberdeenshire and Kincardine"} , "answeringMemberPrinted" : {"_value" : "Andrew Bowie"} , "dateOfAnswer" : {"_value" : "2022-11-24", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-11-24T10:24:48.5Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "202"} , "answeringDeptShortName" : {"_value" : "International Trade"} , "answeringDeptSortName" : {"_value" : "International Trade"} , "date" : {"_value" : "2022-11-01", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Wrightbus: Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for International Trade, whether her Department undertook an assessment of potential conflicts of interest before awarding Wrightbus £26 million in UK Export Finance-backed funding.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4482", "label" : {"_value" : "Biography information for Owen Thompson"} } , "tablingMemberConstituency" : {"_value" : "Midlothian"} , "tablingMemberPrinted" : [{"_value" : "Owen Thompson"} ], "uin" : "76010"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }