Defence: Export Credit Guarantees
(asked on 22nd October 2018) - View Source
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what the (a) premium income (b) claims paid and (c) monies at risk of UK Export Finance were relating to the defence sector for the financial years (i) 2015-16, (ii) 2016-17 and (iii) 2017-18.
The premium income for defence transactions is presented in the table below.
Financial Year | Gross Premium GBP | Net Premium GBP |
2015/16 | 89,865.80 | 89,865.80 |
2016/17 | 64,818,167.46 | 46,858,612.39 |
2017/18 | 4,823,315.65 | 4,823,315.65 |
No claims were paid relating to defence sector contracts during this period.
The monies at risk for defence transactions are presented in the table below.
FY | Net Amount at Risk £m |
2015-16 | 1,219.3 |
2016-17 | 2,749.8 |
2017-18 | 2,537.6 |
Where such information is not commercially sensitive, UKEF publishes details of the companies it has supported on an annual basis in its Annual Report and Accounts which are presented to Parliament and can be found on UKEF’s website.
https://www.gov.uk/government/collections/uk-export-finance-annual-reports-and-accounts