Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment her Department has made of the effectiveness of UK Export Finance in supporting UK businesses.

As advised in my response to the Honourable Member’s previous question (UIN 148424), during financial year 2020/21 UK Export Finance (UKEF) provided support of £12.3 billion to UK exporters selling to 77 countries around the world, supporting 549 companies directly (of whom 79% were small and medium sized enterprises), and thousands more indirectly in supply chains. During that year, UKEF supported around 107,000 UK jobs. UKEF provided £29 billion of support to UK exporters during the period 2016/17 to 2020/21.

UKEF was recently named the world’s best ECA at the International TFG Trade Awards 2022.