Asked by: Helen Hayes (Labour - Dulwich and West Norwood)
Question to the Department for International Trade:
What recent steps she has taken to ensure continuity of trading relationships for UK businesses after the end of the transition period.
Answered by Ranil Jayawardena
In under two years, HM Government has secured trade deals with 63 countries, which covered £217 billion of trade in 2019. Taken alongside our recent deal with the European Union, trade with countries worth £897 billion in 2019 is now covered. No country, anywhere in the world, at any point in history, has conducted trade negotiations concurrently on this scale nor with our ambition.
Asked by: Helen Hayes (Labour - Dulwich and West Norwood)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, how much funding her Department or associated bodies provided in support for exports of (a) coal, (b) biomass for electricity generation, (c) gas, (d) offshore wind, (e) onshore wind, (f) solar and (g) nuclear in each year since 2015.
Answered by Graham Stuart - Minister of State (Department for Energy Security and Net Zero)
The Department for International Trade only holds a record of funding allocations for these sub-sectors in relation to UK Export Finance (UKEF) in the form of export credit loans and guarantees; the Tradeshow Access Programme (TAP) in the form of grants to offset individual companies’ international exhibition costs; and Core Event funding to enable UK pavilions to represent UK industry at major international trade shows.
Financial support since 2015 from these sources can be broken down as follows for the sectors requested:
DIT Core Events: | |||||||
Financial budget in support of international trade events | |||||||
FY Year | Coal | Biomass | Oil & Gas | Offshore wind | Onshore wind | Solar | Nuclear |
2015 | 0 | 712,000 | 274,000 | 60,000 | 0 | 0 | 105,000 |
2016 | 0 | 690,000 | 142,000 | 59,000 | 0 | 0 | 294,000 |
2017 | 0 | 0 | 101,000 | 262,000 | 0 | 0 | 477,000 |
2018 | 0 | 60,000 | 22,000 | 110,000 | 0 | 0 | 181,000 |
2019 | 0 | 0 | 165,000 | 50,000 | 0 | 0 | 185,000 |
2020 | 0 | 0 | 90,000 | 100,000 | 0 | 0 | 205,000 |
Total | 0 | 1,462,000 | 794,000 | 640,000 | 0 | 0 | 1,447,000 |
Events represented by these figures were in some cases in support of both UK exports and inward investment goals
DIT Tradeshow Access Programme (TAP) grants: | |||||||
To offset UK companies’ individual international exhibition costs | |||||||
FY Year | Coal | Biomass | Oil & Gas | Offshore wind | Onshore wind | Solar | Nuclear |
2015 | 12,500 | 70,500 | 57,000 | 0 | 0 | 0 | 0 |
2016 |
| 36,000 | 22,500 | 8,000 | 0 | 0 | 7,500 |
2017 | 12,500 | 102,100 | 35,000 | 0 | 0 | 0 | 0 |
2018 | 2,500 | 83,500 | 57,000 | 47,000 | 0 | 0 | 4,500 |
2019 | £0 | 82,500 | 45,000 | 37,000 | 0 | 0 | 0 |
2020 | £0 | 8000 | 0 | 0 | 0 | 0 | 0 |
Total | 27,500 | 382,600 | 216,500 | 92,000 | 0 | 0 | 12,000 |
Significant fluctuations may be due to some events being biennial
UK Export Finance (UKEF) | |||||
Export Credit in support of export contracts (£ million) | |||||
FY Year | Coal | Biomass | Gas (only) | Renewable Energy | Nuclear |
2015 | 1.5 | 0.1 | 25 | 1 | 0 |
2016 | 23 | 0 | 375 | 24 | 0 |
2017 | 0 | 0 | 277 | 1 | 0 |
2018 | 0 | 0 | 635 | 6 | 0 |
2019 | 50.9 | 0 | 63 | 381 | 0 |
Total | 75.4 | 0.1 | 1,375 | 413 | 0 |
Asked by: Helen Hayes (Labour - Dulwich and West Norwood)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, pursuant to the Answer of 3 February 2020 to Question 9090 on Fossil Fuels: Export Credit Guarantees, what estimate she has made of the amount of Government investment in coal projects through UK Export Finance in each year since 2015.
Answered by Conor Burns
I refer the Hon. Member for Dulwich and West Norwood to the answer I gave to the Hon. Member for Brighton Pavilion on 23 January 2020, UIN: 5385
To clarify, UK Export Finance (UKEF) does not invest equity or provide funding into projects. The support provided by the Department is in the form of financing, insurance or guarantees for loans.
Asked by: Helen Hayes (Labour - Dulwich and West Norwood)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what estimate her Department has made of the amount of Government investment provided to (a) oil and (b) gas projects through UK Export Finance in each year since 2015.
Answered by Conor Burns
UK Export Finance (UKEF) provides support through loans, guarantees and insurance.
UKEF has provided the following amount of support for oil and gas projects since 2015.
| 2015/16 | 2016/17 | 2017/18 | 2018/19 |
Oil | £556m | £355m | £17m | £1.36bn |
Gas | £25m | £375m | £277m | £635m |
Oil & Gas* | £16m | £287m | £0.7m | 0 |
*This category represents projects which comprise a combination of oil and gas and the figures are in addition to the separate oil and gas numbers.
The main reason for the increase in figures for 2018/19 is due to support for Petrobras’ oil exploration and the construction of two power stations in Iraq.
Asked by: Helen Hayes (Labour - Dulwich and West Norwood)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment her Department has made of the effect of UK Export Finance investments on trends in the level of global fossil fuel emissions; and whether her Department has plans to to limit UK Export Finance investments to environmentally sustainable projects.
Answered by Conor Burns
The value of UK Export Finance’s (UKEF) support for fossil fuel-related exports represents around 0.2% of global investment in the sector.
As the world transitions to a low carbon economy, there remains a need for a mix of energy sources and technologies. UK companies have an important role to play in the transition away from fossil fuels and UKEF will remain responsive to the evolving export financing needs of UK companies during this transition. The Government continues to develop strategies to combat climate change and UKEF is an important part of this Government-wide effort.