§ Mr. Ashley
asked the Secretary of State for Trade what new steps the Government has taken in 1976 to help present and potential exporters to increase their exports with the falling value of the pound.
§ Mr. Clinton Davis,
pursuant to his reply [Official Report, 27th October 1976; Vol. 918, c. 245.], gave the following information:
The Government's proven export promotion schemes and services have been in great demand in 1976 by both present and potential exporters. Given the several new schemes introduced towards the end of 1975, the emphasis has been on trying to secure full and effective use of the help already available. This is one of the themes of both the British Overseas Trade Board's Export Dynamics Conferences and Export Year. Nevertheless, on 4th August I did announce that the Export Credits Guarantee Department would offer additional facilities for exporters contracting for payment in foreign currencies. This new facility is of course relevant to the sense of my hon. Friend's Question.