Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the value was of credit guarantees provided by the Government to the manufacturing industry in each of the last 10 years.

The Government recognises the vital role that manufacturing plays in the UK economy. Therefore, we support the sector in a number of ways, including through the provision of several credit guarantee schemes.

Please see below for an indication of the support made available to the manufacturing industry over the last 10 financial years through credit guarantee schemes. This includes data on the flow of credit guarantees from UK Export Finance, and the British Business Bank (since its establishment in 2014/15).

This data has been identified from credit guarantees to the manufacturing sector using the standard industrial classification (SIC) as used by the Office for National Statistics, where possible. This does not include other forms of credit support, such as the Repayable Launch Investments.

In addition to manufacturing-specific support, the Government also supports various programmes to help businesses access the finance they need through the British Business Bank.