Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the Taiwan offshore wind export credit agreement on the UK energy supply chain.

UK Export Finance (UKEF) support is conditional on the inclusion of UK content. This should usually be at least 20% of the portion of the support provided by UKEF. In this instance, UKEF has issued a guarantee to commercial lenders to help secure new export opportunities for the UK, which in turn support jobs across the UK, both in those businesses with which the project contracts directly, and in their supply chains. While there will be significant UK content, above the 20% threshold, we cannot comment on individual contracts for reasons of commercial sensitivity.

UKEF support is based on confirmed contracts for the provision of specialised services and components to support the construction project. UKEF is aware of several UK sub-contractors who are bidding for roles within the various construction contracts , but such selection is an ongoing process throughout the build phase.