HC Deb 02 November 2000 vol 355 c584W
Mr. Drew

To ask the Secretary of State for Trade and Industry what plans he has to extend pre-shipment financial support to exporting businesses through(a) ECGD and (b) other means. [135591]

Mr. Caborn

[holding answer 31 October 2000]ECGD does already provide finance through its Buyer Credit and Supplier Credit Schemes for progress payments which are identified in the commercial contract. This means that the exporter can receive moneys from the financing arrangements for work completed at each progress payment milestone.

Exporters that require working capital to fund work in progress secure these funds through their commercial banking facilities.