Industry and Exports (Financial Assistance) Bill: Committee of the Whole House

The Bill was considered by House of Commons on February 2026. This legislation was introduced to enhance financial support for UK industries and exports by amending existing legislation to increase funding limits and facilitate greater investment. 

Last year UK Export Finance provided around £14.5 billion of backing, supporting up to 70,000 jobs, including across key industrial sectors such as clean energy, advanced manufacturing, life sciences and the automotive sector. This Bill will help ensure more businesses than ever before will be empowered to export, with the financial strength of Government behind them. Alongside the modern industrial strategy, it helps maintain the UK as one of the strongest and most innovative economies in the world. 

Amendment 1, regarding tackling modern slavery: Ayes 161, Noes 272

New Clause 2, regarding the impact of financial assistance limits on the steel industry: Ayes 156, Noes 273

New Clause 3, which would have required the Secretary of State to publish an annual report on the impact of the limits set by this Act on GDP, SMEs, and trade between the United Kingdom and the European Union: Ayes 77, Noes 280

The Bill was read a third time and passed without division, and will now be considered by the House of Lords.