UK businesses seeking to grow their exports can face a number of challenges in an increasingly complex global economy. Accessing finance to deliver on contracts and ensuring that customers can pay are common hurdles for exporters as they seek to grow into new markets. Support is available to UK exporters through UK Export Finance (UKEF), the UK’s export credit agency.
UKEF was established in 1919 as the Export Credits Guarantee Department – the world’s first Exports Credit Agency. Their mission is, “To ensure that no viable UK export fails for lack of finance or insurance from the private sector, while operating at no net cost to the taxpayer”
To do this, UKEF products complement financial support available from the private sector and currently work with over 70 private lenders and trade credit insurers. They support exports for any size of company and across all sectors, from capital goods to services and intangibles, including intellectual property.
Watch our latest Capital Thinking webinar and hear from our expert panel on how the UKEF has helped businesses grow.
Key topics covered include:
- What support UKEF offers and to which companies
- What might prevent a UK exporter from winning or fulfilling an overseas contract and how UKEF support helps exporters overcome these issues
- How UKEF help exporters to grow their business in new markets
- How UKEF has assisted exporters and banks successfully
- How UKEF help exporters to respond to changing markets, including the potential impacts of Brexit
- The typical requirements and processes in obtaining a UKEF supported facility, including costs, covenants and securities
- Charlotte Glanville, Director, Grant Thornton UK LLP
- Richard Hodder, Global Head of Export and Specialised Finance, HSBC Bank PLC
- Richard Simon-Lewis, Head of Civil, Infrastructure and Energy, UK Export Finance
- Tony Chitty, Director of International Trade Finance, Mabey Bridge Limited