[The Speaker of the House of Commons has certified this Bill as a Money Bill within the meaning of the Parliament Act 1911.]

 EXPLANATORY NOTES

Explanatory notes to the Bill, prepared by the Department for Business and Trade and UK Export Finance, have been ordered to be published as —EN.

 EUROPEAN CONVENTION ON HUMAN RIGHTS

has made the following statement under section 19(1)(a) of the Human Rights Act 1998:

In my view the provisions of the are compatible with the Convention rights.

 [] CONTENTS 1Limit on selective financial assistance for industry 2Financial assistance for exports and overseas investment: commitment limits 3Extent, commencement and short title []

A

bill

to

Amend section 8(5) of the Industrial Development Act 1982 and section 6 of the Export and Investment Guarantees Act 1991.

Be it enacted by the King’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
1 Limit on selective financial assistance for industry

In section 8 of the Industrial Development Act 1982 (selective financial assistance: general powers), in subsection (5)—

 (a)

for “£12,000 million” substitute “£20 billion”;

 (b)

for “£1,000 million” substitute “£1.5 billion”.
2 Financial assistance for exports and overseas investment: commitment limits (1)

In section 6 of the Export and Investment Guarantees Act 1991 (financial assistance for exports and overseas investment: commitment limits)—

 (a)

in subsection (1), for “82,700 million special drawing rights” substitute “£160 billion”;

 (b)

in subsection (4)(a), for “sum specified in the order not exceeding 5,000 million special drawing rights” substitute “sum not exceeding £15 billion”;

 (c)

in subsection (4A), for “either limit mentioned in subsection (4)” substitute “the limit in subsection (3)”;

 (d)

in subsection (5)(e), after “the equivalent in” insert “sterling or”.

 (2)

In section 12 of the Small Business, Enterprise and Employment Act 2015 (amendments to the Export and Investment Guarantees Act 1991), omit subsection (2).
3 Extent, commencement and short title (1)

This Act extends to England and Wales, Scotland and Northern Ireland.

 (2)

This Act comes into force at the end of the period of two months beginning with the day on which it is passed.

 (3)

This Act may be cited as the Industry and Exports (Financial Assistance) Act 2026.
[]

Brought from the Commons on 24th February 2026

Ordered to be Printed, 24th February 2026.

© Parliamentary copyright House of Commons and House of Lords

This publication may be reproduced under the terms of the Open Parliament Licence, which is published at www.parliament.uk/site-information/copyright

Published by the authority of the House of Lords