“What steps his Department is taking to ensure that SMEs in Buckingham and Bletchley constituency can access capital and export finance as part of the UK’s recent trade agreements.”
Asked by
Callum Anderson
Answering Minister
the Secretary of State for Business and Trade
Answer from Hansard
The Parliamentary Under-Secretary of State for Business and Trade (Gareth Thomas)
On 26 June, the Department published our trade strategy, announcing the expansion of UK Export Finance’s capacity to £80 billion. We also announced measures to give smaller firms, including those in Buckingham and Bletchley, better access to export protection insurance. The significant increase in the capacity of the British Business Bank will also help to improve access to capital for SMEs, including, potentially, in my hon. Friend’s constituency.