Environment Protection: Export Credit Guarantees
(asked on 11th July 2023) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many applications were received by UK Export Finance for green energy projects in (a) 2022 and (b) each of the previous four years; and how many and what proportion of those applications were successful.
The number of formal applications received by UK Export Finance (UKEF) for support for either projects featuring renewable energy generation or companies involved in the green energy sector, and the number of applications that were successful, were as follows:
Calendar year | Formal applications received | Successful applications |
2018 | 1 | 1 |
2019 | 1 | 1 |
2020 | 3 | 3 |
2021 | 2 | 2 |
2022 | 3 | 1 |
This does not include trade finance support for UK exporters operating in the green energy sector, which is typically lower value (facilities valued up to £25 million) and shorter-term (with maximum repayment terms of up to 5 years).
Other businesses made enquiries to UKEF about the nature of support available, but did not make formal applications for support.