Shipbuilding Credit Guarantee Scheme Update

Tuesday 19th September 2023 Written Statements

[The Minister for Industry and Economic Security (Ms Nusrat Ghani)]

I am making a statement to correct the record in relation to the supplementary estimate for UK Export Finance.

The final paragraph of the statement I made on 13 September 2023 should have read as follows:

“Parliamentary approval for additional resource of £51,000 for this new service will be sought in a supplementary estimate for UK Export Finance. Pending that approval, urgent expenditure estimated at £51,000 will be met by repayable cash advances from the contingencies fund.”

[HCWS1055]