Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what financial support the Government provides to UK companies who wish to export to Mongolia.

The Department for International Trade provides financial support via three measures:

Firstly, UK Export Finance (UKEF), is expanding the broad range of insurance, guarantees and loans to better support the needs of UK exporters backed by HMG’s balance sheet of £2 billion risk appetite in Mongolia.

Secondly, the Internalisation Fund provides match-funded grants to qualifying companies up to £9,000 on a range of export and internationalism activities.

Thirdly, a pilot of the UK Tradeshow Programme will give UK companies, especially small and medium-sized enterprises, a leg-up to exhibit their products at large tradeshows. Some applicants will receive a grant of up to £4,000 to contribute towards eligible exhibition costs.