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Written question asked by Lord Ashcombe (Conservative) on Thursday, 23 July 2026, in the House of Lords. It was due for an answer on Thursday, 6 August 2026. It was answered by Lord Leong (Labour) on Monday, 3 August 2026 on behalf of the Department for Business, Innovation, Science and Trade.

Renewable Energy: Angola

Question

To ask His Majesty's Government whether the £12.5 million UK Export Finance loan guarantee supporting Dints' renewable energy and infrastructure work in Angola forms part of the changes set out in the announcement by the Prime Minister's office on 22 July, Cheaper travel for millions with a third off fares.

Answer

The capping of bus fares announced on 22 July 2026 will have no impact on financing or insurance support provided by UK Export Finance, including for its loan guarantee supporting Dints International’s contract to supply renewable energy and infrastructure work in Angola.

The Government is reprioritising £454 million from the Department for Energy Security and Net Zero’s budget, including by switching £400 million of grant funding set aside for future international climate finance projects into loans. The remaining £54 million savings are expected from underspends in the Department’s budget.

This will provide more flexible ways to meet the Government’s international climate objectives.

The Government remains committed to spending 0.3% of Gross National Income on Official Development Assistance.

Secondary information

Type
Written question
Reference
HL2623
Session
2026-27
Grouped for answer
Yes
Subjects
UK Export Finance Renewable energy Angola Dints International
Link
View this Written question on www.parliament.uk