Matt Hancock
Main Page: Matt Hancock (Independent - West Suffolk)Business, Innovation and Skills
Matt Hancock Excerpts(9 years, 6 months ago)
Ministerial CorrectionsRead Full debate Read Hansard Text
Matthew Hancock
There has been significant interest in UK Export Finance’s (UKEF) Direct Lending Facility (DLF) since its enhancements were announced in the Budget. Since it was relaunched on 30 June 2014, the pipeline of potential export contracts has developed and now involves 28 UK-based exporters of varying size and export experience. As it stands, the pipeline has 35 potential export contracts that range from £3 million to over £350 million. Most importantly, the DLF pipeline is growing.
The correct answer should have been:
Matthew Hancock
Farnborough is an important showcase for the UK aerospace sector. The Department does not make estimates of aerospace expenditure arising as a result of the Farnborough Airshow. However, given the UK’s position as a leading supplier to the world’s aerospace industry, our industry is likely to be a major beneficiary of many of the new orders announced at the Show.
Recent data from the Aerospace Defence and Security trade association show aerospace exports grew by 12% in 2013 to £25 billion.