Business: Finance
The question
To ask the Chancellor of the Exchequer, with reference to the press release entitled Government steps in to back British business in changing world, published on 14 April 2025, whether any of the funding is additional to funding provided at the Spring Statement 2025.
Answered by James Murray
The Government is committed to supporting British businesses as the world enters a new era of global trade. The government has increased the capacity of UK Export Finance (UKEF) to provide support for exporters by £20 billion and has expanded the British Business Bank (BBB) Growth Guarantee Scheme. UKEF operates at no net cost to the taxpayer and increasing its limits does not have a fiscal cost. BBB support is funded within the overall spending plans set out at Spring Statement 2025.
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