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UK Export Finance: Legal Opinion

Question for Department for International Trade

UIN 73781, tabled on 12 November 2021

To ask the Secretary of State for International Trade, with reference to her Department's procurement exercise for the General Aerospace Legal Panel, reference 260167/1011745, if she will publish the business case for the expenditure of £40 million on the provision of a General Aerospace Legal Panel.

Answered on

19 November 2021

The purpose of the General Aerospace Legal Panel is to procure a panel of law firms to provide specialist legal advice and representation to UK Export Finance (UKEF), primarily in relation to when it provides ‘financing’ support to exporters in the aviation sector. The cost of such legal advice provided by the panel firm is typically met by the borrower rather than UKEF. The contract value advertised is the maximum value that can be spent through the framework during its four year term through subsequent call-off contracts and not the value of any committed spend.