Small Businesses

(asked on 23rd November 2017) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, pursuant to the Oral Answer on 23 November 2017, how much funding from UK Export Finance has been spent on (a) supporting UK businesses and (b) advisers to those businesses.


Answered by
Mark Garnier Portrait
Mark Garnier
This question was answered on 28th November 2017

UK Export Finance (UKEF) operates at no net cost to the taxpayer, and has provided £14 billion of support for UK exports in the last five years. Over that period, administrative costs were £137 million, of which around £4m related to its network of 24 Export Finance Managers, who act as local points of contact for businesses across the UK. UKEF generated £532 million in premium for the same period.

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