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Industry and Exports (Financial Assistance) Bill

The Industry and Exports (Financial Assistance) Bill, Bill 321 of 2024-26, was presented to Parliament on 12 November 2025. It is due to have its second reading on 15 December.

Details of the bill are on Parliament’s bill page. The government has published the text of the bill (PDF), explanatory notes (PDF), an impact assessment (PDF) and a delegated powers memorandum (PDF). 

The bill amends existing legislation to raise the statutory limits on the amount of government financial support for industry and exports. The government says the bill is “central to delivery of the Government’s mission to kickstart economic growth”.

It is a short, technical bill with two substantive clauses:

• Clause 1 would increase the funding cap for government financial support provided under section 8 of the Industrial Development Act 1982.
• Clause 2 would increase the limit on financial support provided by UK Export Finance under section 6 of the Export and Investment Guarantees Act 1991.

The bill deals with reserved matters and would extend to England and Wales, Scotland and Northern Ireland.