Written question asked by Lord Strathcarron (Non-affiliated) on Monday, 23 February 2026, in the House of Lords. It was due for an answer on Monday, 9 March 2026. It was answered by Lord Stockwood (Labour) on Monday, 2 March 2026 on behalf of the Department for Business and Trade.
Hive Energy: Loans
- Question
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To ask His Majesty's Government whether they knew in November 2025, when Hive Energy Ltd secured a £60 million loan from HSBC guaranteed by UK Export Finance, that it was close to bankruptcy; who authorised the loan on behalf of His Majesty's Government; and what due diligence was performed in connection with this.
- Answer
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This transaction was originally underwritten in 2023 and renewed in 2025 by UKEF. As with all its transactions, UKEF applied its rigorous risk criteria and continues to monitor Hive Energy. UKEF provided Hive Energy with a General Export Facility alongside Hive’s partner bank, with which it shares the risk of default.
UKEF charges a commercial, risk-based premium and operates at no net cost to the taxpayer over the economic cycle – returning £146 million in profit to the Exchequer in the last financial year.
Secondary information
- Type
- Written question
- Reference
- HL14786
- Session
- 2024-26
- Subjects
- Loans HSBC Hive Energy
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-03-02 14:23:05 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL14786
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL14786
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2024-26/HL14786