Oral Answers to Questions

Debate between Graham Stuart and James Davies

Thursday 15th July 2021 Commons Chamber

[Graham Stuart]

I thank my hon. Friend for his excellent question. I am tremendously proud of UK Export Finance and its staff for the innovative way in which they have responded to the pandemic, with the record level—more than £12 billion—given to UK businesses supporting more than 100,000 jobs up and down the country. Behind those 549 companies, of course, stand 10,000 or more supply chain companies. UKEF, at no cost to the taxpayer, makes an enormous difference to the prosperity and success of this country.

[Dr James Davies (Vale of Clwyd) (Con) [V]]

  Now that we have left the EU, we have fantastic opportunities ahead of us as an independent sovereign trading nation. Does my hon. Friend agree that the deals that have already been secured herald a new era for British businesses exporting around the globe and can assist Airbus, near my constituency, in ensuring that more airlines are flying on Welsh wings?

Oral Answers to Questions

Debate between Graham Stuart and James Davies

Thursday 25th February 2021 Commons Chamber

[Graham Stuart]

The Department—not only in renewables, but in minerals as well—is running a mining export campaign for Mongolia, supporting UK-based investors and our mining supply chain, using the unique convening power of government to engage with the Mongolian Government and mining businesses. We are supporting UK investment in solar and waste energy plants, and are in discussions with the Mongolian Government on UK participation in infrastructure projects, including renewables, which my hon. Friend mentions, and hydropower. Atop all that is the cherry, in the form of my hon. Friend, who is the Prime Minister’s dynamic and effective trade envoy for the country.

[Dr Davies [V]]

I thank my hon. Friend for all the work he does to strengthen trading relationships between Britain and our international partners. Can he assure me that the Department for International Trade regularly engages with businesses of all sizes across the UK, including in north Wales, to ensure that the objectives of the Department are closely aligned with the needs of industry?

[Graham Stuart]

My hon. Friend is quite right to highlight this issue. DIT has a relationship with more than 200,000 UK businesses, ranging from large multinationals to small start-ups. Our UK-based sector teams, our highly experienced trade advisers across the regions and devolved Administrations, and our teams in our overseas embassies all work closely with UK businesses to support their export ambitions, while our export academy programme builds small and medium-sized enterprise know-how, enabling businesses to sell to customers around the world with confidence.

--- Later in debate ---

[Dr James Davies (Vale of Clwyd) (Con)]

As our economy looks to recover from covid-19, there are businesses in my constituency that can expand globally. Will my hon. Friend outline what steps the Department is taking to help not just large companies but SMEs to access global markets? Will he join me in encouraging businesses in the Vale of Clwyd to attend the first local parliamentary export programme event on 4 March?

[Graham Stuart]

SMEs are vital to increasing UK trade, which is why we are seeking SME chapters in all our free trade agreements, and we provide a vast range of support for them. I congratulate my hon. Friend on being a trailblazer for the parliamentary export programme, and I encourage businesspeople in the Vale of Clwyd to attend the virtual meetings that he is organising, chairing and using to ensure that his local companies get all the international sales support that Government can offer.