Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 25 March 2024 to Question 19719 on INEOS: Belgium, whether her Department made an assessment of the potential impact of that guarantee on existing and competitor refineries in the UK.

UK Export Finance conducted its customary due diligence in line with its policies and obligations to inform its decision-making about supporting Project One. This included consideration of environmental, social and climate change risks and impacts, but did not include an assessment of the type specified in the question.