IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 30 Sep 2015 | Removal date: open ended

Trade finance

 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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

431 Engines & turbines & parts
8410 Hydraulic turbines, water wheels, and regulators therefor.
841012 Of a power exceeding 1,000 kW but not exceeding 10,000 kW
841013 Of a power exceeding 10,000 kW
841090 Parts, including regulators

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