To ask the Secretary of State for International Trade, whether UK Export Finance support for the export of Typhoon and Hawk aircraft to the Government of Qatar will support British small businesses; and whether support through the Direct Lending Facility set aside for SMEs has been used in that transaction.
30 October 2018
UK Export Finance’s (UKEF) support for the export of Typhoon and Hawk aircraft to Qatar supports BAES which has a supply chain of 9,000 companies, including small businesses. As the Direct Lending Facility is used to finance the purchase of capital goods and/or services, it is typically used by larger businesses and can also benefit the smaller businesses in their supply chains. UKEF has remaining capacity under its Direct Lending Facility. UKEF looks to where it is needed most and where it can have the greatest beneficial impact for UK exporters and their customers.