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Department for Business and Trade Update on Export Statistics
26 March 2024
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
Issue Summary
The Department for Business and Trade is addressing the discovery of overseas fossil fuel projects that received support contrary to government policy.
Action Requested
My department has taken steps to rectify the issue by implementing additional measures, checks, and reporting to ensure adherence to the policy. We have also written to colleagues who were given incorrect information.
Key Facts
- The Government withdrew all new financial and promotional support for the fossil fuel energy sector overseas with limited exemptions.
- From April 2021 to October 2023, 134 projects worth £747 million received contravening support from departmental officials.
- These 134 projects constitute 1.00% of 13,457 projects and 1.35% of the total export value of £55.342 billion between 2021-2023.
- The projects were included in the Government’s ‘Export Wins’ data but did not receive ministerial approval.
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Assessment & feedback
Summary accuracy