Question to the Department for International Trade:

To ask the Secretary of State for International Trade, whether all contracts agreed by UK Export Finance for the provision of Export Development Guarantees in 2020-21 and 2021-22 have included commitments from the recipients relating to the creation or protection of prescribed numbers of jobs in the UK.

The eligibility criteria for the Export Development Guarantee (EDG) and other products offered by UK Export Finance are set out on GOV.uk. Provision of an EDG, which is a form of debt financing rather than direct ownership requires evidence of exporting and a UK footprint but does not require specific commitments on job creation.

The terms of EDG-backed loans are negotiated with each borrower individually, and are commercially confidential. However, EDG-backed loans will typically contain provisions to ensure that the business receiving support remains substantially in the same form throughout the life of the loan.