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Export Credits Guarantee Department

Volume 498: debated on Monday 26 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills with reference to note 37 to the Export Credits Guarantee Department resource accounts for 2008-09, the annual accounts for First Securitisation Company Limited, published in June 2009, and the most recent annual returns of Guaranteed Export Finance Corporation plc and First Securitisation Company Limited, what the ownership structure is of Guaranteed Export Finance Corporation plc. (292972)

The Guaranteed Export Finance Corporation plc is owned by two charitable trust companies, First Securitisation Company Limited (“FSCL”) and Capita IRG Trustees Limited. The Guaranteed Export Finance Corporation plc has issued 50,000 £1 shares and, of these, FSCL holds 49,999 and Capita IRG Trustees Limited holds one.