Consultation outcome

Support for UK exports: changes to the Export and Investment Guarantees Act (EIGA) 1991 (as amended)

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Final government response to the EIGA consultation

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Detail of outcome

On the basis of the views received, the government has decided to proceed with the proposals to make changes to the Secretary of State’s powers under s.1(1) of the Export and Investment Guarantees Act (EIGA) 1991 (as amended) and will also remove the requirement under s.13(4) to consult the Export Guarantees Advisory Council (EGAC) on the provision of reinsurance. These changes, along with certain other technical amendments to the EIGA as mentioned in paragraph 12 of the consultation document will be taken forward in a Bill to be laid before Parliament.

There were 43 responses received during the consultation period from a wide variety of sources including exporters, financial institutions, business groups, representative bodies, Non-Governmental Organisations (NGOs) and legal firms. The government is grateful for these submissions, which have been taken into account in its response.

Feedback received

Responses to EIGA consultation

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Detail of feedback received

Responses to the consultation.

Original consultation

Summary

We are seeking views on proposals to broaden the government’s powers to support UK exports and investments overseas through the use of payment guarantees, insurance or loans provided by UK Export Finance (UKEF).

This consultation ran from
to

Consultation description

Under these proposals the EIGA would be amended to empower the Secretary of State to make arrangements which, in his view, will directly or indirectly, facilitate, support or develop:

  • the UK’s export trade and the capacity of persons carrying on business in the UK to engage in exporting; or
  • the participation of such persons in enterprises outside the UK.

This would give UKEF a more generalised ability to support businesses in the UK who export, or who may wish to become involved in exporting.

This Consultation is aimed at organisations and individuals that have an interest in the Government’s support for UK exports and investments overseas.

Documents

Consultation on proposals to make changes to the Secretary of State’s powers under the Export and Investment Guarantees Act 1991 (as amended)

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Published 19 March 2014
Last updated 4 June 2014 + show all updates
  1. Final government response published
  2. First published.