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Written question asked by Daniel Kawczynski (Conservative) on Thursday, 10 February 2022, in the House of Commons. It was due for an answer on Monday, 21 February 2022. It was answered by Mike Freer (Conservative) on Friday, 25 February 2022 on behalf of the Department for International Trade.


Exports: Mongolia

Question

To ask the Secretary of State for International Trade, what financial support the Government provides to UK companies who wish to export to Mongolia.

Answer

The Department for International Trade provides financial support via three measures:

Firstly, UK Export Finance (UKEF), is expanding the broad range of insurance, guarantees and loans to better support the needs of UK exporters backed by HMG’s balance sheet of £2 billion risk appetite in Mongolia.

Secondly, the Internalisation Fund provides match-funded grants to qualifying companies up to £9,000 on a range of export and internationalism activities.

Thirdly, a pilot of the UK Tradeshow Programme will give UK companies, especially small and medium-sized enterprises, a leg-up to exhibit their products at large tradeshows. Some applicants will receive a grant of up to £4,000 to contribute towards eligible exhibition costs.


Secondary information

Type
Written question
Reference
122620
Session
2021-22
Subjects
Business Finance Exports Mongolia
Contains statistics
Yes
Link
View this Written question on www.parliament.uk