Asked by: Baroness Helic (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what (1) financial, and (2) non-financial, support they have provided to UK firms operating in Bosnia and Herzegovina since 2020; and whether this support is contingent on any (a) environmental, or (b) transparency, commitments.
Answered by Lord Johnson of Lainston - Minister of State (Department for Business and Trade)
We have not provided financial support to UK businesses operating in Bosnia and Herzegovina since 2020. The Department for Business and Trade's Export Strategy sets out the support available, including the Export Support Service, a Country Director based in Sarajevo, the PM's Trade Envoy for the Western Balkans and a UK Export Finance Officer covering the region. UK companies focused on the green transition are a strategic priority for this support. Any UKEF support would follow robust transaction due diligence to ensure that any projects or contracts supported meet stringent international Environmental, Social and Human Rights standards.
Asked by: Baroness Helic (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government, further to the Written Answer by Lord Offord of Garvel on 5 July (HL8206) regarding UK Export Finance support for exports to Serbia, what steps they are taking to ensure that Serbian entities comply with end user certificate requirements in respect of UK exports to Serbia.
Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)
UK Export Finance has not supported any exports to Serbia that are subject to UK export licensing requirements. UKEF is committed to high standards of environmental, social and human rights risk management. When considering support to projects UKEF undertakes due diligence on all relevant aspects, including environmental, social and human rights, climate change, and antibribery and corruption measures.
Asked by: Baroness Helic (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what was the value of support given in respect of exports to Serbia under the (1) Bond Insurance Policy, (2) Bond Support Scheme, (3) Buyer Credit Facility, (4) Direct Lending Facility, (5) Export Development Guarantee, (6) Export Insurance Policy, (7) Export Working Capital Scheme, (8) General Export Facility, (9) Overseas Investment Insurance, (10) Standard Buyer Loan Guarantee, (11) supplier credit facilities, and (12) Supply Chain Discount Guarantee in the past five financial years for which figures are available.
Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)
Total UKEF support for exports to Serbia over the past five financial years (2017-18 to 2021-22) for which we have audited figures is shown in the table:
UKEF Product | Value of UKEF support |
Bond Insurance Policy | - |
Bond Support Scheme | £130,394 |
Buyer Credit Facility | £405,348,227 |
Direct Lending Facility | - |
Export Development Guarantee | - |
Export Insurance Policy | £76,808 |
Export Working Capital Scheme | £6,978 |
General Export Facility | - |
Overseas Investment Insurance | - |
Standard Buyer Loan Guarantee | - |
Supplier Credit Facilities | - |
Supply Chain Discount Guarantee | - |