Taipei-Beijing tensions force more investors to examine risks of projects in the island state
The British taxpayer’s exposure to investments in Taiwan is being investigated amid concerns about the growing political tensions between the island state and China.
UK Export Finance (UKEF) has hired private consultants from Deloitte to examine the risks of supporting future offshore wind projects in Taiwan after giving £500m of taxpayer backing to the sector since 2019.
The state-backed body provides guarantees to help UK exporters win contracts abroad and picks up the tab if the customer fails to pay up.
The review will examine the legal, economic and commercial risks associated with backing future projects in Taiwan and determine UKEF’s risk appetite for further credit exposure to the country.