PARLIAMENTARY WRITTEN QUESTION
Trade Credit Reinsurance Scheme (8 September 2021)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the total sum is of (a) premiums accepted from insurers under the Trade Credit Reinsurance Scheme up to 30 June 2021 and (b) any financial windfall or retained monies received by the Government with specific reference to that scheme.

Asked by:
Darren Jones (Labour)

The Trade Credit Reinsurance Scheme has benefitted over half a million businesses, providing certainty for firms across the UK and safeguarding jobs. It has protected more than an estimated £600 billion of business turnover through providing around £210 billion in insurance cover.

As the scheme remains open to receive claims, it would not be appropriate to disclose information on the financial performance of the scheme at this point.

Answered by:
Paul Scully (Conservative)
13 September 2021