Coal: Export Credit Guarantees
(asked on 15th January 2015) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what the (a) type and (b) value of support provided by UK Export Finance was for projects, goods or services supplied to the coal mining sector in this financial year to date.
The table below shows the value and type of export credit financing support provided under its medium and long term products by UK Export Finance for projects in the coal mining sector in each year between 2010/11 and 2013/14.
2010/11 | 2011/12 | 2012/13 | 2013/14 | 2014/15 | |
Value (£) | 0 | 13,551,029 | 53,627,280 | 0 | 0 |
Type of support | N/A | Guarantee | Guarantee | N/A | N/A |
Further details of the support provided were published in UK Export Finance’s Annual Report and Accounts for 2011/12 and 2012/13.
Under its products aimed at supporting exports of goods and services sold on short terms of credit (e.g. light manufactured items), UK Export Finance does not routinely record the sector of the overseas buyer. However, to the best of its knowledge, UK Export Finance has not provided support under these products that directly relates to the coal mining sector.