Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what processes her Department has put in place to monitor UK Export Finance's distribution of the £1 billion fund allocated to support overseas buyers of UK defence and security goods and services.

In the March 2020 budget, UK Export Finance (UKEF) was allocated £1 billion of direct lending capacity for defence and security projects, within its £8 billion overall direct lending capacity. This £1 billion of direct lending is subject to the same monitoring processes as UKEF’s overall direct lending facility.