Department for Business and Trade: Energy

(asked on 11th March 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much her Department invested in UK-based energy businesses in each year since 2015.


Answered by
Nusrat Ghani Portrait
Nusrat Ghani
Minister of State (Minister for Europe)
This question was answered on 14th March 2024

The Department for Business and Trade does not directly invest in businesses of any kind but does support companies or projects seeking financial investment from third parties. In its capacity as the UK’s export credit agency, any support provided by UK Export Finance (UKEF) to exporters takes the form of loans, guarantees or insurance provided at commercial rates. UKEF does not provide direct funding to, or make equity investments in, the businesses that it supports. A summary of the support provided by UKEF for each financial year is provided in the annual report and accounts, which are available online at: UK Export Finance annual reports and accounts - GOV.UK (www.gov.uk).

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