To ask the Secretary of State for International Trade, what processes her Department has put in place to monitor UK Export Finance's distribution of the £1 billion fund allocated to support overseas buyers of UK defence and security goods and services.
Answered on
24 June 2020
In the March 2020 budget, UK Export Finance (UKEF) was allocated £1 billion of direct lending capacity for defence and security projects, within its £8 billion overall direct lending capacity. This £1 billion of direct lending is subject to the same monitoring processes as UKEF’s overall direct lending facility.
Answered by
Department for International Trade
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