Asked by: Mark Menzies (Independent - Fylde)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps she is taking to support the UK nuclear industry to increase exports.
Answered by Greg Hands - Minister of State (Department for Business and Trade)
The UK has extensive expertise across the nuclear life cycle, from new build, fuel to decommissioning and waste management.
The Department recognises the export potential offered by a growing global market and is working closely with other government departments, our overseas network, and industry to offer a full range of support for UK civil nuclear exports across markets including Japan, France, Central Europe and Ukraine.
This includes UK Export Finance, who can consider a range of options to support overseas sales, including loan guarantees for foreign buyers, working capital, insurance, and bond support products to assist UK suppliers.