Found: existing provisions within the Company Directors Disqualification Act 1986 which deal with directors of overseas

Found: Companies House is legally prohibited from publishing the names of people who own trusts that own those overseas

Found: It also prevents overseas companies from seeking diplomatic assistance from their domestic government

Found: reinforcing what they want to do, and that has made us attractive to a lot of businesses, including overseas

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 14 March 2024 to Question 17929 on Energy: Overseas Companies, which overseas energy companies registered in the UK have received funding from her (a) Department and (b) predecessor Department in excess of £50 million in each year since 2021.

Answered by Andrew Bowie - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

2021 – No overseas energy companies registered in the UK received funding from BEIS in excess of £50 million in the calendar year of 2021.

2022 – EDF Energy Customers Ltd, EDF Energy Holdings Ltd, EON Next Energy Ltd and Scottish Power Energy Retail LTD all received funding in excess of £50 million from BEIS in the calendar year of 2022.

2023 – EDF Energy Customers Ltd, EON Next Energy Ltd and Scottish Power Energy Retail LTD all received funding in excess of £50 million from BEIS/DESNZ in the calendar year of 2023. Up until August 2023, DESNZ data was still being published under BEIS. Separating these transactions for each department would be at a disproportionate cost.

2024 - no overseas energy companies registered in the UK have received funding from DESNZ in excess of £50 million in the calendar year of 2024 to date.

Please note, these companies are being categorised as overseas, at they are all overseas owned. Some of them may be situated and operate in the United Kingdom but are categorised as being overseas in our data due to their ownership.

These figures include the unprecedented payments made to energy suppliers to reduce consumer bills in 2022 and 2023 through the Energy Price Guarantee.

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, which overseas companies registered in the UK per industry have received funding from her Department in each year since 2015.

Answered by Nusrat Ghani - Minister of State (Minister for Europe)

This information is not held centrally. To provide an accurate breakdown of funding would incur a disproportionate cost. In its capacity as the UK’s export credit agency, any support provided by UK Export Finance (UKEF) to exporters takes the form of loans, guarantees or insurance provided at commercial rates. UKEF does not provide direct funding to, or make equity investments in, the businesses that it supports.’ A summary of the support provided by UKEF for each financial year is provided in the annual report and accounts, which are available online at: UK Export Finance annual reports and accounts - GOV.UK (www.gov.uk).

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, which overseas energy companies registered in the UK have received funding from her (a) Department and (b) predecessor Department in each year since 2015.

Answered by Andrew Bowie - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

This information is not held centrally and could only be obtained at disproportionate cost.

Found: Furthermore, the EU has also agreed to a 2-year delay to the non -EU ESRS, applying to overseas companies

Found: The FRC lacks the powers in SATCAR 2016 to inspect audits by UK auditors of UK traded overseas companies

Found: to deliver collaborative activities designed to support UK businesses grow international sales and overseas

Found: issues.184 Although the practice is currently prohibited in the UK, it is already being offered by overseas

Found: issues.184 Although the practice is currently prohibited in the UK, it is already being offered by overseas

Found: issues.184 Although the practice is currently prohibited in the UK, it is already being offered by overseas