Bills · Became law
Financial help for industry and exports
The bill has been signed off by the King and is now law.
In plain words
This law raises the limits on financial help the government can give to support UK industry (up to £20 billion) and exports (up to £160 billion).
Summary drafted by AI, checked by Jonathan on 4 Oct 2026. Source: Parliament Library briefing.
Official title: Industry and Exports (Financial Assistance) Act 2026
- 1Introduced1st reading
- 2Main debate2nd reading
- 3Detailed checksCommittee
- 4ChangesReport stage
- 5Final vote3rd reading
- 6Other houseLords or Commons
- 7Becomes lawRoyal Assent
Nothing more. This bill is now law.
Put forward by Peter Kyle, Lord Stockwood.
Votes so far
| Date | Vote | Count | Result |
|---|---|---|---|
| 23 Feb 2026 | Financial help for industry and exports: a proposed change | 77 for, 280 against | Rejected |
| 23 Feb 2026 | Financial help for industry and exports: a proposed change | 156 for, 273 against | Rejected |
| 23 Feb 2026 | Financial help for industry and exports: a proposed change | 161 for, 272 against | Rejected |
Full timeline
| Date | Stage | House |
|---|---|---|
| 12 Nov 2025 | 1st reading | Commons |
| 15 Dec 2025 | 2nd reading | Commons |
| 15 Dec 2025 | Programme motion | Commons |
| 15 Dec 2025 | Money resolution | Commons |
| 23 Feb 2026 | Committee of the whole House | Commons |
| 23 Feb 2026 | 3rd reading | Commons |
| 24 Feb 2026 | 1st reading | Lords |
| 12 Mar 2026 | 2nd reading | Lords |
| 12 Mar 2026 | Order of Commitment discharged | Lords |
| 12 Mar 2026 | 3rd reading | Lords |
| 18 Mar 2026 | Royal Assent | Unassigned |
In the bill’s own words: A Bill to Amend section 8(5) of the Industrial Development Act 1982 and section 6 of the Export and Investment Guarantees Act 1991.
Source: Parliament Bills API · Commons votes from the Commons Votes API.