UK Export Finance: Renewable Energy

(asked on 20th April 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, with reference to the £2 billion allocated to UK Export Finance’s lending facility to support clean energy announced at Budget 2020, what the criteria for that support will be; what types of support will be offered; and what energy technologies will be eligible for that support.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 27th April 2020

UK Export Finance (UKEF) is currently determining eligibility criteria for the new Direct Lending Facility for clean growth solutions which was announced at the Budget in March. UKEF will publish guidance on its website shortly.

The facility will provide fixed-rate loans directly to overseas borrowers to help them finance the purchase of capital goods and/or services from UK exporters and suppliers to support clean growth project internationally up to a value of £200 million per loan.

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