Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the £3.5 billion defence export finance deal for Ukraine, announced on 18 July 2024, whether the finance provided will be subject to UK Export Finance’s Transition Export Development Guarantee.

UK Export Finance's Export Development Guarantee product helps companies who export from, or plan to export from the UK, access high value loan facilities for general working capital or capital expenditure purposes. The risk associated with this product remains centred in the UK, and consequently does not impact UKEF’s market limit for Ukraine.