AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 30 September 2015, according to media reports, UK Export Finance provided a loan worth 23.6 million GBP to fund a Turkish power station built by German corporation Siemens. The loan was given under the Direct Lending Facility (cf. Related Measures), as the turbines business is owned by the British company Rolls-Royce.
According to media reports, UKEF provides loans only in cases where at least 25% of the loan is targeted at protecting or creating UK jobs.
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