Export Finance: Government Assistance to Exporters
UK Export Finance exists to ensure that no viable UK Export fails for want of finance or insurance.
The government is currently supporting £22 billion of export-related finance and insurance via the UK’s export credit agency, UK Export Finance (UKEF). This support is boosting the growth and export capacity and of a wide-range of UK companies by de-risking export transactions using the strength of the government’s balance sheet.
UKEF supports exporter growth by complementing commercially available initiatives. It issues government-backed loans, bank guarantees and credit insurance that help companies to:
- win export contracts by providing attractive financing terms
- fulfil orders by supporting working capital loans and bond guarantees
- get paid by insuring against buyer default
Its regionally based advisory team provides free and independent guidance to help companies get the support they need, regardless of whether that is from the commercial marketplace or from UKEF itself. The objective is to ensure that an export contract happens.
Contact one of its network of export finance managers directly to book a consultation.
UK Export Finance has the capacity to support up to £50 billion of export finance and insurance and is here to work for companies like yours.
Find out more about some of the support schemes provided by UKEF:
Export Credit Insurance (EXIP)
Advance payment guarantees, performance and warranty bonds
Export Working Capital scheme