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UK Export Finance contingency fund

14 October 2025

Proposing MP
Chris Bryant Lab
Rhondda and Ogmore
Type
Written Ministerial Statement
Department
Department for Business and Trade
View on Parliament.uk -->

At a Glance

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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