Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions his Department has had with relevant stakeholders on the establishment of a home shipbuilding loan guarantee scheme.

BEIS officials, working with colleagues in the Department of Trade and with the support of various industry bodies, have conducted extensive consultation on a prospective home shipbuilding credit guarantee scheme. They have consulted with a wide variety of stakeholders including industry, vessel operators and commercial lenders. These discussions are helping to shape the development of the business case and inform the requirements for the prospective instrument.