INEOS: Belgium
The question
To ask the Secretary of State for Business and Trade, for what reason the Government issued a guarantee to commercial lenders for the INEOS Belgium project.
Answered by Gareth Thomas
UK Export Finance’s (UKEF’s) support for the INEOS Project One plant secures new export opportunities for the UK by enabling an overseas buyer to finance the purchase of goods, services and/or intangibles from UK suppliers.
As the UK’s export credit agency, UKEF’s mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.
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