UK Export Finance
(asked on 21st October 2014) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what proportion of successful applicants to the UK Export Finance export insurance scheme have been small to medium sized enterprises in each of the last five years.
The table below shows the proportion, expressed as a percentage, of small and medium-sized enterprises (SMEs) of the total number of exporters UK Export Finance (UKEF) has supported broken down by UKEF product for the last five financial full years.
| 2009/10 | 2010/11 | 2011/12 | 2012/13 | 2013/14 |
Buyer Credit | 0% | 0% | 0% | 11% | 7% |
Bond Support Scheme* | - | - | 67% | 78% | 91% |
Export Insurance Policy | 20% | 75% | 75% | 54% | 63% |
Export Working Capital Scheme* | - | - | 0% | 83% | 100% |
Letter of Credit Guarantee Scheme | 0% | 0% | 0% | 0% | 50% |
Supplier Credit Facility | 0% | 50% | 29% | 33% | 0% |
*Products launched in 2011/12
SMEs are defined by the EU as companies that have fewer than 250 employees, and either a turnover of less than €50m or a balance sheet total of less than €43m.
Information on UKEFs Bond Support Scheme has been included given that it was introduced specifically to support to smaller exporters, especially SMEs.