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MEIP analysis of Home Shipbuilding Credit Guarantee Scheme

Business Energy and Industrial Strategy Published 15 Feb 2022 Contracts Finder

key details

Value£90,000
Statusactive
Category (CPV) 66152000
Deadline25 Feb 2022
Contract start2 Mar 2022
Contract end1 Jun 2022
Procedureopen
SME suitableYes
OCIDocds-b5fd17-fe70c826-6ab6-4b74-9cbb-b50150878e24

description

The Department for Business Energy and Industrial Strategy (BEIS) has been developing proposals for a new Home Shipbuilding Credit Guarantee Scheme (HSCGS) replacing a previous scheme which operated from 1972-2005.

The scheme would provide Government backed guarantees for banks lending to UK ship operators for the purpose of financing the construction, completion, (radical) alteration and refit /repair of ships and mobile offshore installations (MOIs) in UK shipyards. BEIS would underwrite a portion of the lender's losses in the event of a subsequent default on repayments by the ship operator.

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