Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress his Department has made on implementing proposals to introduce a Home shipbuilding credit guarantee scheme to support the development of UK shipbuilding.

The Department has consulted upon the reintroduction of a Home Shipbuilding Credit Guarantee Scheme as a potential contribution to a refreshed National Shipbuilding Strategy. The case for the scheme is currently under consideration and a final decision will be announced in due course.

The Government already offers a range of financial support instruments to businesses through the British Business Bank and through UK Export Finance.