§ Mr. CousinsTo ask the Secretary of State for Trade and Industry to what extent export credit support is conditional upon a percentage of sourcing of UK content; how that content is measured, assessed and monitored; and whether the percentage of UK content varies between categories and sectors of exports. [59194]
§ Ms HewittECGD's main purpose is to facilitate the export of UK goods and services and therefore, the existence of UK content is a pre-requisite of ECGD cover. Each case is considered on its merits but ECGD will consider supporting whatever amount of UK content is contained in a contract.
The UK exporter informs ECGD of the amount of UK content contained in the export contract and ECGD's guarantee documentation will reflect the level of support. Compliance may be monitored by the bank financing the transaction or by ECGD's own auditors.