Shipping: Exports

(asked on 20th May 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps her Department is taking to support UK maritime businesses to export clean maritime technologies globally as part of the Government's commitment to reducing emissions from international shipping.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 25th May 2021

In support of the National Shipbuilding Strategy, the Department for International Trade (DIT) will launch a Clean Green Shipbuilding Export Campaign at London International Shipping Week in September, as part of the wider DIT Clean Growth Export Strategy. DIT is also working with other Government departments to highlight UK green marine expertise to a global audience during COP 26 in November.

Shipyards and other maritime exporters can also access UK Export Finance (UKEF) support which helps them compete for international business. The sector can benefit from UKEF’s £2 billion Direct Lending Facility dedicated to clean growth projects, which offers competitive fixed rates of interest. UKEF’s Transition Export Development Guarantee is available to enable oil and gas focused exporters with credible clean energy transition plans to access working capital support.

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