Industry and Exports (Financial Support) Act
Act of ParliamentThis bill passed all stages in both Houses and received Royal Assent.
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Long title
A Bill to amend section 8(5) of the Industrial Development Act 1982 and to amend section 1(1) of the Export and Investment Guarantees Act 1991
Summary
<p>The Bill has two purposes. One is to raise the financial ceiling on support to industry outside assisted areas allowed under the Industrial Development Act 1982 (these limits were last changed by legislation in 2003). The second is to widen the support allowed by the <span>Export</span> Credits Guarantee Department under the <span>Export</span> and Investment Guarantees Act 1991. It is a short Bill with three clauses, amending the 1982 and 1991 Acts mentioned above.<br><br>Key areas</p><ul><li>Amends section 8(5) of the Industrial Development Act 1982, which sets the ceiling on financial assistance allowed under ‘section 8’ powers. It increases the limit allowed under section 8 to £12 billion, along with the capacity for a further four orders of £1 billion each taking the overall limit to £16 billion.</li><li>Amends section 1(1) of the <span>Export</span> and Investment Guarantees Act 1991 to widen support provided by the <span>Export</span> Credits Guarantee Department to include <span>export</span>s that have already taken place.</li></ul>
Progress through Parliament
- 1st reading· Commons
4 March 2009 – 4 March 2009
- 2nd reading· Commons
16 March 2009 – 16 March 2009
- Programme motion· Commons
16 March 2009 – 16 March 2009
- Money resolution· Commons
16 March 2009 – 16 March 2009
- Programme motion· Commons
21 April 2009 – 21 April 2009
- Committee stage· Commons
21 April 2009 – 21 April 2009
- Report stage· Commons
21 April 2009 – 21 April 2009
- 3rd reading· Commons
21 April 2009 – 21 April 2009
- 1st reading· Lords
22 April 2009 – 22 April 2009
- 2nd reading· Lords
19 May 2009 – 19 May 2009
- Committee negatived· Lords
19 May 2009 – 19 May 2009
- 3rd reading· Lords
20 May 2009 – 20 May 2009
- Royal Assent· Unassigned
21 May 2009 – 21 May 2009
Source: UK Parliament Bills API. Bill ID: 454.