Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, when the Home Shipbuilding Credit Guarantee Scheme will be introduced; and what assessment he has made of the potential impact of delays to the introduction of that scheme on the number of contracts that will be agreed through it.
Shipbuilding falls within my Ministerial portfolio, and the Home Shipbuilding Credit Guarantee Scheme is a key priority for early delivery. I am bringing forward our specific proposals for the scheme to Government colleagues, with a view to updating Parliament and launching a scheme this calendar year. BEIS is not aware of any immediate lending cases that have been disadvantaged by the delay in launching the scheme.