Oral Answers to Questions

Debate between Nusrat Ghani and Mark Eastwood

Thursday 9th February 2023 Commons Chamber

[Mark Eastwood (Dewsbury) (Con)]

3 What steps her Department is taking to help increase export opportunities for small and medium-sized businesses.

[The Minister of State, Department for Business and Trade (Ms Nusrat Ghani)]

UK exports have grown by 24% year on year, and our landmark 12-point export strategy will challenge Government and the private sector to reach £1 trillion-worth of exports a year. As part of that strategy, we created the export support service, which has brought together helplines and services across Government to build a one-stop shop for UK exporters facing challenges in exporting to the EU. We are also delivering for businesses through our dedicated team of international trade advisers, reinforced by Department for International Trade events and programmes such as the UK Export Academy.

[Mark Eastwood]

Last month, I was delighted to co-host my first successful export academy at Kirklees College in association with the Department for International Trade and UK Export Finance. Will the Minister outline how local DIT officers and UKEF can assist SMEs to export their goods and services across the world?

[Ms Ghani]

Mr Speaker, may I first thank you for your leadership in hosting President Zelensky yesterday? It really was a humbling moment for us all. My hon. Friend the Member for Dewsbury (Mark Eastwood), with his can-do attitude, is constantly championing everybody in Dewsbury. As he may know, UK Export Finance offers a range of trade, finance and insurance products to help small and medium-sized businesses fulfil export contracts. It works with more than 100 private sector partners, including all major UK banks. UKEF support is underpinned by the innovative general export facility, a product designed to give SME exporters more flexibility when accessing trade finance. It unlocked almost £250 million of working capital loans in the last financial year. Local trade has obviously helped strengthen the “Made in the UK” branding, which provides export support to SMEs across the country. Face-to-face support for exporters in England is delivered via a network of around 200 international trade advisers. There is so much to say, but I think I should stop there.

--- Later in debate ---

[Mark Eastwood (Dewsbury) (Con)]

What action does my hon. Friend intend to take to reduce tariff barriers with developing countries, such as Pakistan?

[Ms Ghani]

I believe that my hon. Friend is the trade envoy to Pakistan, and I look forward to collaborating with him. Pakistan already has a preferential trading relationship with the UK through our generalised scheme of preferences. This will be replaced by the developing countries trading scheme, and Pakistan will continue to benefit from duty-free exports to the UK and the removal of tariffs on 156 products. I look forward to working with my hon. Friend.