Adam Afriyie – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Adam Afriyie on 2014-04-09.

To ask the Secretary of State for Business, Innovation and Skills, what recent steps he has taken to ensure that exporters of intangible goods can access the resources of UK Export Finance.

Michael Fallon

UK Export Finance can provide support for intangibles, such as software licenses, where they are provided in connection with goods or services. As far as the supply of intangibles by themselves are concerned, UK Export Finance has initiated a public consultation on proposals to widen its powers under its enabling legislation, the Export and Investment Guarantees Act 1991 (as amended). These proposals include giving UK Export Finance the ability to support exports of intangible goods such as intellectual property rights by themselves. If, having regard to the responses to that consultation, it is deemed to implement these proposals, they will form part of a Bill that will be introduced in the next session of Parliament.