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<p>UK Export Finance supports exports principally by providing (a) financial guarantees on loans made by banks to overseas buyers of UK exports, and (b) insurance to UK exporters against the risk of not being paid by an overseas buyer.</p><p>The amount of business supported through (a) financial guarantees and (b) insurance is detailed in UKEF's Annual Report and Accounts, which are available in the House Library. The figures for the last four years are reproduced here:</p><p><table><thead><tr><td valign="top">£million<br /></td></tr><tr><td valign="top" /><td valign="top">Financialguarantees<br /></td><td valign="top">Insurance<br /></td><td valign="top">Totalbusinesssupported<br /></td></tr></thead><tbody><tr><td valign="top">2009-10<br /></td><td valign="top">2,028<br /></td><td valign="top">178<br /></td><td valign="top">2,206<br /></td></tr><tr><td valign="top">2010-11<br /></td><td valign="top">2,861<br /></td><td valign="top">63<br /></td><td valign="top">2,924<br /></td></tr><tr><td valign="top">2011-12<br /></td><td valign="top">2,278<br /></td><td valign="top">39<br /></td><td valign="top">2,318<br /></td></tr><tr><td valign="top">2012-13<br /></td><td valign="top">2,731<br /></td><td valign="top">1,564<br /></td><td valign="top">4,295<br /></td></tr></tbody></table></p> |