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Fossil Fuels: Loan Guarantee Scheme

Question for HM Treasury

UIN 60393, tabled on 17 January 2017

To ask Mr Chancellor of the Exchequer, what progress has been made on the delivery of loan guarantees to companies operating in the oil and gas sector.

Answered on

20 January 2017

The Government is willing to consider proposals for using the UK Guarantees Scheme for infrastructure where it could help secure new investment in assets of strategic importance to maximising economic recovery of oil and gas.

Any proposals would also need to meet the existing criteria of the scheme, including in relation to commerciality and financial credibility. For commercial reasons, the Government cannot provide an ongoing commentary on any discussions in this area.

Answered by

Named day
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