Question

To ask the Secretary of State for Business, Innovation and Skills, how many businesses received support through the UK Guarantees Exports Refinancing Facility in 2013-14.

Following the Chancellor's announcement in the 2014 Budget UK Export Finance formally launched the Export Refinancing Facility (ERF) on 30 April 2014.

ERF is aimed at supporting UK bids for projects that require finance above $150m. As these projects typically involve lengthy contract negotiations, it may be sometime before we see a pipeline of deals that benefit from the ERF.