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Written Question
Shipbuilding Credit Guarantee Scheme
Wednesday 14th February 2024

Asked by: Stephen Crabb (Conservative - Preseli Pembrokeshire)

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what her planned timetable is for the implementation of the Shipbuilding Credit Guarantee Scheme.

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

The Shipbuilding Credit Guarantee Scheme (SCGS) was officially launched on 26 July 2023, and we are continuing to work closely with the National Shipbuilding Office on all aspects of scheme implementation.

The SCGS is a £500 million scheme to help ship buyers and operators to access finance to purchase UK-built vessels and upgrade existing ones. It guarantees a percentage of the value of loans used to purchase, refit, retrofit or repair vessels, sharing the risk with lenders. The scheme forms part of the Government’s £4 billion plan to revitalise UK shipbuilding and coastal communities through the National Shipbuilding Strategy Refresh, announced in 2022.

There have been 32 expressions of interest in the scheme so far and we are now working at pace to finalise the first transactions supported by the scheme.

Written Question
Shipbuilding: Expenditure
Friday 8th December 2023

Asked by: Maria Eagle (Labour - Garston and Halewood)

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, what the cost of his Department's spending on (a) shipbuilding and (b) ship repair was in the (i) 2020-21, (ii) 2021-22 and (iii) 2022-23 financial year.

Answered by James Cartlidge - Minister of State (Ministry of Defence)

Departmental spending on shipbuilding is set out in the table below:

Financial Year

2020-21

2021-22

2022-23

Total Shipbuilding Programme £million

774.6

913.2

1069.7

The following table sets out spending on ship repair:

Financial Year

20-21

21-22

22-23

In Service Support: Surface Fleet & Submarine Equipment: Revenue
Expenditure £million

939.6

1,012.20

1,029.00

“Ship repair” has been interpreted to include all in service support costs allocated to our fleet. As such, the values provided represent the total revenue expenditure (RDEL) costs for our Equipment Support Plan (ESP) for the years in question. Due to how the activity is often contracted, it is not possible to separate out costs for the surface fleet from those relating to submarines and capability equipment such as information warfare.

Scottish Parliament Debate - Committee
MV Glen Sannox (Hull 801) and MV Glen Rosa (Hull 802) - Tue 27 Feb 2024

Mentions:
1: Doris, Bob (SNP - Glasgow Maryhill and Springburn) we can retain strategic commercial shipbuilding and the workforce in Scotland. - Speech Link
2: Boyack, Sarah (Lab - Lothian) The other thing I wanted to ask about was the repair and maintenance of existing ferries. - Speech Link
3: None Repair and maintenance is a different business and it requires different facilities. - Speech Link
4: None I sit on the National Shipbuilding Office strategic shipbuilding enterprise group, so I have access to - Speech Link

Departmental Publication (News and Communications)
Ministry of Defence

Feb. 02 2024

Source Page: Smarter maintenance for Navy Fleet under £1.85 billion contract
Document: Smarter maintenance for Navy Fleet under £1.85 billion contract (webpage)

Found: to analyse availability and reduce repair times and increase ship availability UK security will be

Non-Departmental Publication (News and Communications)
Defence Equipment and Support

Feb. 02 2024

Source Page: Smarter maintenance for Navy Fleet under £1.85 billion contract
Document: Smarter maintenance for Navy Fleet under £1.85 billion contract (webpage)

Found: to analyse availability and reduce repair times and increase ship availability UK security will be

Select Committee
Harland & Wolff
 DSN0006 - Defence Spending in Northern Ireland

Written Evidence Mar. 20 2024

Inquiry: Defence Spending in Northern Ireland
Inquiry Status: Closed
Committee: Northern Ireland Affairs Committee (Department: Northern Ireland Office)

Found: , decommissioning, repair and maintenance, in-service support, and conversion.

Select Committee
Correspondence from Nusrat Ghani MP, Minister of State for Industry and Economic Security at the Department for Business and Trade and Minister of State for the Investment Security Unit the Cabinet Office, re the launch of a Shipbuilding Credit Guarantee Scheme, dated 26 July 2023

Correspondence Sep. 11 2023

Committee: Public Accounts Committee

Found: Correspondence from Nusrat Ghani MP, Minister of State for Industry and Economic Security at the Department

Select Committee
Letter from the Minister for Industry and Economic Security relating to a Shipbuilding Credit Guarantee Scheme, 26 July 2023

Correspondence Sep. 05 2023

Committee: Business and Trade Committee (Department: Department for Business, Energy and Industrial Strategy)

Found: Letter from the Minister for Industry and Economic Security relating to a Shipbuilding Credit Guarantee

Departmental Publication (News and Communications)
Department for Business and Trade

Jul. 26 2023

Source Page: New shipbuilding lending scheme to boost UK’s coastal communities
Document: New shipbuilding lending scheme to boost UK’s coastal communities (webpage)

Found: New shipbuilding lending scheme to boost UK’s coastal communities

Scottish Government Publication (Statistics)
Marine Directorate
Chief Economist Directorate

Dec. 13 2023

Source Page: Scotland's Marine Economic Statistics 2021
Document: Scotland’s Marine Economic Statistics 2021 (PDF)

Found: • From 2020 to 2021, the gross value added from ship building increased by 50%.