Question to the Ministry of Defence:
To ask His Majesty's Government what is the current status of their proposed order of three Fleet Solid Support ships; whether they still intend that these ships will be built in the UK; and when they intend to launch the Home Shipbuilding Credit Guarantee Scheme.
With reference to the first element of the Noble Lord’s question relating to the Fleet Solid Support ships, I refer the noble Lord to the answers provided by my hon. Friend, the then Minister for Defence Procurement (Jeremy Quin), in the House of Commons on 4 July 2022 to the right hon. Member for Wentworth and Dearne (John Healey), in response to Question HC27511; and on 29 June 2022 to the right hon. Member for North Durham (Kevan Jones) to HC24549.
I can also confirm that the Government intends to launch the Home Shipbuilding Credit Guarantee Scheme later this year, subject to final Ministerial and HM Treasury approvals. This scheme will provide transactional cover for UK companies to underwrite the finance of new commercial vessel contracts. This will stimulate the industry by increasing the competitiveness of UK commercial shipbuilding.