Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 13 March to Question 17476 on INEOS: Belgium, how many jobs will be created as a result of the funding.

UK Export Finance (UKEF) does not provide direct funding. It issued a guarantee to commercial lenders to help secure new export opportunities for the UK, which in turn support jobs across the UK, both in those businesses with which INEOS contracts directly, and in their supply chains.

In 2022-23, UKEF provided £6.5 billion of support in total, which is estimated to have backed up to 55,000 jobs across the UK.