Viscount Waverley
Main Page: Viscount Waverley (Crossbench - Excepted Hereditary)Department Debates - View all Viscount Waverley's debates with the Ministry of Defence
(7 years, 7 months ago)
Lords ChamberI am afraid that I do not have the exact numbers but I will endeavour to write to the noble Lord with that information.
My Lords, are the Government sufficiently satisfied with the uptake by United Kingdom companies on the export finance facilities, and does the Minister believe that the offerings by government are sufficiently robust to act as a tool for post-Brexit export prowess?
The noble Lord asks a valid question. In the last year, UK Export Finance supported the highest number of UK exporters in a quarter of a century, 23% more than in the previous year. However, UKEF is not complacent. The doubling of its capacity announced by the Chancellor will enable even more UK businesses to export. UKEF’s offering is a key component of the UK’s success as a global trading nation.