House of Commons · Written Ministerial Statement
UK Export Finance contingency fund
14 October 2025 · Department for Business and Trade
Proposed by Chris Bryant Lab Rhondda and Ogmore
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK Export Finance is requesting a repayable cash advance from the Contingencies Fund due to budget changes for an IT project.
- Parliamentary approval is sought for an additional capital allocation of 2,728,000 in a Supplementary Estimate.
- Urgent expenditure will be covered by a cash advance to be repaid after Royal Assent to the relevant bill.
Issue summary
UK Export Finance is seeking a repayable cash advance from the Contingencies Fund due to budget changes for an IT project.
Action requested
Parliamentary approval is sought for additional capital of £2,728,000 in a Supplementary Estimate. Urgent expenditure will be met by a cash advance which will be repaid after Royal Assent to the relevant bill.
Key facts
- Export Credits Guarantee Department seeks repayable cash advance from Contingencies Fund.
- Budget changes for an IT project to improve transaction record systems.
- Additional capital of £2,728,000 is requested in a Supplementary Estimate.
- Urgent expenditure of £2,728,000 will be met by the cash advance pending parliamentary approval.
- The cash advance will be repaid after Royal Assent to the Supply and Appropriation (Anticipation and Adjustments) Bill.
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