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Uk Export Finance: Arms Trade

Question for Department for International Trade

UIN 61812, tabled on 19 June 2020

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.

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