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Written question asked by Lord Beamish (Labour) on Friday, 12 April 2024, in the House of Commons. It was due for an answer on Wednesday, 17 April 2024 (named day). It was answered by Greg Hands (Conservative) on Wednesday, 17 April 2024 on behalf of the Department for Business and Trade.

Harland and Wolff: Export Credit Guarantees

Question

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 7 February to Question 12549 on Harland and Wolff: Export Credit Guarantees, what progress her Department has made on negotiations with Harland & Wolff in relation to compliance with applicable subsidy control rules.

Original answer

UK Export Finance’s (UKEF’s) support for export transactions is conditional on the inclusion of UK goods and services, with a general requirement that there should be at least 20% UK content relative to the value of its support. In this instance, UKEF support has already secured over €200 million of UK content into this project.

The answer was corrected by Greg Hands (Conservative)

on Tuesday, 23 April 2024 on behalf of the Department for Business and Trade.

Corrected answer

UK Export Finance’s (UKEF’s) support for export transactions is conditional on the inclusion of UK goods and services, with a general requirement that there should be at least 20% UK content relative to the value of its support. In this instance, UKEF support has already secured over €200 million of UK content into this project.

For reasons of commercial sensitivity, UK Export Finance does not comment on ongoing commercial discussions.

Secondary information

Type
Written question
Reference
20908
Session
2023-24
Related items
Harland and Wolff: Export Credit Guarantees
Wednesday, 7 February 2024
Written questions
House of Commons
Subjects
Exports Export credit guarantees UK Export Finance Harland and Wolff
Link
View this Written question on www.parliament.uk