(6 years, 8 months ago)
Commons ChamberThe latest statistics, released earlier this year, estimate total UK education exports and transnational education activity to have been £19.3 billion in 2015. That is an increase of 3% on the previous year and of 22% since 2010, in current prices. The Government continue to support education providers in this vital sector.
UK Export Finance offers competitive finance and insurance to SMEs of all sorts that want to export. My hon. Friend mentions one company in his constituency; I am pleased to say that UKEF recently provided bond support to another, Ram Universal, to help it to export its high-quality valves to India. The Government’s export strategy will look at SMEs’ need and design information and services appropriate to them.
Torbay’s language schools provide a valuable source of educational exports by encouraging students from across the world to learn here. What work is the Minister’s Department doing to assist them in securing trade from growing economies in Asia, as the Devon School of English recently did in Taiwan?
The Department for International Trade’s dedicated education teams are focused on developing a pipeline of overseas opportunities that are then matched with UK providers. That is enhanced by the DIT-led English language working group, which brings representatives together from across the sector. I look forward to seeking further export opportunities in Taiwan when I visit there in a couple of weeks.