Motor Vehicles: Manufacturing Industries

(asked on 6th March 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what support her Department has provided in the last three months to increase exports in the British automotive industry.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 14th March 2023

The Department for Business and Trade is working across Whitehall and with industry to secure export led investment in the transition to zero-emission vehicles.

Our trade deals will benefit automotive businesses and vehicle manufacturers across the UK by enabling new export opportunities, tariff removal, flexible rules of origin, and efficient customs procedures.

We have dedicated export support complemented by our network of International Trade Advisers. The automotive industry continues as the country’s biggest single exporter of goods, exporting nearly 80% of production.

In the last three months UK Export Finance provided working capital support to three automotive manufacturing companies exporting globally: Bamford Bus; RLE International Product Development Ltd; and LSN Diffusion Ltd.

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