Industry and Exports (Financial Assistance) Act 2026

Limit on selective financial assistance for industry

1

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”.

Financial assistance for exports and overseas investment: commitment limits

2

• (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).

Extent, commencement and short title

3

• (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.