Oral Answers to Questions

Luke Graham Excerpts

Thursday 23rd November 2017 Commons Chamber

[Luke Graham (Ochil and South Perthshire) (Con)]

8. What steps his Department is taking to promote to British companies the use of UK Export Finance.

[Mrs Anne-Marie Trevelyan (Berwick-upon-Tweed) (Con)]

13. What steps his Department is taking to promote to British companies the use of UK Export Finance.

[The Parliamentary Under-Secretary of State for International Trade (Mark Garnier)]

We are putting export finance at the heart of trade promotion by enhancing the financial support available to exporters and smaller companies in their supply chains. This is a new guarantee to banks designed to increase liquidity in the supply chain, improving exporters’ access to capital and enabling their suppliers to fulfil new orders. As my right hon. Friend the Chancellor stated yesterday, UK Export Finance will launch a targeted campaign to promote the support they offer to exporters and overseas buyers, as part of the wider GREAT campaign.

[Luke Graham]

Would the Minister agree that supporting British business, especially outside London, is crucial for a successful Brexit? Will he consider visiting my constituency to discuss boosting exports and inward investment for Scotland?

[Mark Garnier]

In the few short months my hon. Friend has been a Member, he has proved a doughty campaigner for the whisky industry and the agricultural industry in his patch, and I would be delighted to come along and visit him. I would point out that the Board of Trade has been established across the whole country to promote the interests of regions. We have regional international trade advisers, and they work through the Scottish Government, fully supported by the Department for International Trade.