Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what steps they are taking to promote and encourage private investment in Ukrainian agri-processing through UK Export Finance and British International Investment.

At the 2023 Ukraine Recovery Conference, the Foreign, Commonwealth and Development Office announced expansion of British International Investment's (BII) remit to support private sector investment in Ukraine. BII has worked with the European Bank of Reconstruction to establish the Ukraine Investment Platform to facilitate co-investment in Ukraine from G7 and European countries including in infrastructure, financial services and agriculture. BII's investment in Ukraine to date includes providing trade finance to local banks to support trade flows of critical goods and supporting a leading Ukrainian agribusiness producer to help it maintain and expand exports to over 70 countries, benefitting more than 2,000 small retail stores and 2,500 farmers. UK Export Finance (UKEF) has made £3.5 billion of financial capacity available to support Ukraine throughout the war, supporting national priority projects for the Government of Ukraine. UKEF's financing has directly enabled Ukraine to access world-class UK defence, infrastructure, and energy capabilities.