Industry and Exports (Financial Assistance) Act 2026 — HL Bill 170 (as brought from the Commons)



Industry and Exports (Financial Assistance) Bill

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Industry and Exports (Financial Assistance) Bill

[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 HL Bill 170—EN.

EUROPEAN CONVENTION ON HUMAN RIGHTS

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

In my view the provisions of the Industry and Exports (Financial Assistance) Bill are compatible with the Convention rights.

Industry and Exports (Financial Assistance) Bill

[
As brought from the Commons
]

CONTENTS

1

Limit on selective financial assistance for industry

2

Financial assistance for exports and overseas investmentcommitment limits

3

Extent, commencement and short title

[
As brought from the Commons
]

A

bill

to

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

B

e 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 investmentcommitment 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.

Industry and Exports (Financial Assistance) Bill

[
As brought from the Commons
]

A

bill

to

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

Brought from the Commons on
24th February 2026

Ordered to be Printed,
24th February 2026
.

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