![]() ![]() DBT and UKEF will work in partnership, leveraging expertise and capability within the departments, to deliver an outstanding joint service to business.DBT and UKEF will work together on shared objectives to support exports as set by their shared ministers, responding at pace and with flexibility to government priorities, underpinned by strong working relationships across the organisations.Staff in both departments should use the Principles as a guide for their activity as they relate to DBT and UKEF collaboration. The Principles will enable stronger collaboration between the departments to fulfil shared objectives in support of the government’s trade agenda. This MoU details and acknowledges the understanding that both departments’ objectives will be strengthened and underpinned by the agreed “Principles of Collaboration”. Management of this MoU on an ongoing basis.Governance of this MoU and the key stakeholders impacted by it, and.How further collaboration between DBT and UKEF will be achieved.How DBT and UKEF will align with the Principles of Collaboration.Secretary of State for Business and Trade and President of the Board of TradeĭBT and UKEF are committed to delivering on the terms of this MoU but it is not intended to create legal obligations or be legally binding. The principles agreed upon, as set out by this MoU in section 3 Principles of Collaboration OR Principles The Principal Accounting Officer of the Department for Business and Trade Specific actions to develop better collaboration as per the Principlesĭeputy Director of the Export and Investment Policy Team within DBT and the Deputy Director of Strategy within UKEF The Permanent Secretary and the Chief Executive (or their delegate)įoreign Commonwealth and Development Office The Principal Accounting Officer of UK Export Financeĭepartment for Energy Security and Net ZeroĮxport and Investment Guarantees Act 1991, as amended by the Industry and Exports (Financial Support) Act 2009 and the Small Business Enterprise and Employment Act 2015 The defined terms in this MoU have the meaning given to them below: Abbreviation This document is one aspect of the partnership between DBT and UKEF and should be read in conjunction with the EIGA, the HMT Consent, and the Concordat (further information on this governance can be found in the Concordat, see paragraph 4.22). This document sets out agreed principles for how this collaboration should operate, formalising much of what already happens and aiming to set best practice in the relationship. there is a policy function within DBT that ensures that UKEF is strategically aligned with DBT on certain areas including the export strategy (further information on this governance can be found in the Concordat, see paragraph 4.22).the Permanent Secretary is the formal Civil Service line manager of the Chief Executive of UKEF, but the Chief Executive reports to, and is managed by, the Chair of the UKEF Board on a day-to-day basis.UKEF is represented on DBT’s Executive Committee by the Chief Executive. ![]() senior staff and non-executive board members represent the departments at each other’s boards.The departments already work collaboratively at all levels of their respective organisations, which this document looks to detail, for examples as per the Concordat (see paragraph 4.22), see below: The MoU sets out the principles under which DBT and UKEF will co-operate and sets out what each department will contribute.ĭBT and UKEF are operationally and strategically aligned UKEF’s management, strategy, and operations are aligned with DBT. This Memorandum of Understanding ( MoU) sets out how DBT and UKEF, within their respective remits, will jointly deliver shared objectives for driving business growth and enabling trade, exports, and investment jointly respond to government priorities as directed by ministers, and how both departments will work together to achieve consistent and aligned outcomes. The two departments have separate but related responsibilities and need to work together to support the SoS and ultimately the government’s trade and growth agenda. The Department for Business and Trade ( DBT) and UK Export Finance ( UKEF) are separate government departments, but both report to the Secretary of State ( SoS) for Business and Trade. ![]()
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