Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps his Department will take to encourage (a) awareness and (b) take-up of UK Export Finance products by SMEs planning to trade with Taiwan.

In addition to its suite of products to help SMEs export, UK Export Finance (UKEF) has a network of Export Finance Managers (EFMs) around the whole of the UK who can provide information to exporters of all sizes on a range of subjects, including trading across a range of markets. The EFMs’ contact details can be found at: Find an Export Finance Manager - GOV.UK

The Department for Business and Trade maintains a strong relationship with Taiwan and in particular, a shared ambition to grow trade. The full range of UKEF products and services is available to support potential exporters to Taiwan, and for longer-term contracts, local currency financing is available. UKEF works with DBT officials based in the British Office in Taipei, and has supported many transactions in Taiwan in recent years, and on specifically on 10 July announced it is providing a guarantee for a major offshore wind farm. This will allow four exporters across the UK to secure contracts, and will support jobs across the UK’s renewable energy supply chain.