Baroness Burt of Solihull – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Baroness Burt of Solihull on 2016-02-10.

To ask Her Majesty’s Government what assessment they have made of the impact on exports of the decision to reduce the budget of UK Trade and Investment.

Lord Maude of Horsham

Savings will be broadly delivered through implementing a new digital infrastructure to provide cost-effective access to export services; contractual efficiencies; and prioritising market and sector opportunities that will add most value to UK exports. This is about being more efficient and delivering for UK businesses, including through enhancing direct support and developing the private sector market.

HM Treasury has recognised the importance of the exports agenda by agreeing that £175m of further proposed savings between 2016-17 and 2019-20 should be reinvested in priority areas. The Government is committed to driving a step-change in UK exports and the reinvestment secured to refocus UK Trade & Investment will help us deliver this.