Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what the benefits to the UK are of the funding committed to the Ineos energy investment in Belgium.

UK Export Finance’s (UKEF’s) support for the Ineos Project One plant secures new export opportunities for the UK by enabling an overseas buyer to finance the purchase of goods, services and/or intangibles from UK suppliers.

As the UK’s export credit agency, UKEF’s mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.