UKEF

Through UK Export Finance, the Government is able to offer some practical support to help businesses who are looking to sell goods and services overseas.

To find out if UK Export Finance is able to support you with finance for credit guarantees or insurance, please visit their website for further information.

UK Export Finance

 

Support offered:

 

Export Insurance Policy An insurance policy for a UK exporter that covers them against non-payment of an export contract. The policy covers costs incurred should your customer become insolvent before the goods are delivered or if they fail to pay due to specified political, economic or administrative events.

 

Bond Support Scheme A guarantee provided to a bank, so the bank can help you to arrange the issue of a bond to an overseas customer, potentially improving your cash flow. It covers most types of contract bond.

 

Bond Insurance Policy An insurance policy provided direct to a UK exporter to protect against a demand for payment under a bond which is unfair or caused by political events.

 

Export Working Capital Scheme A guarantee provided to a bank, so the bank can help you to finance the working capital you might need to deliver an export contract.

 

Letter of Credit Guarantee Scheme A guarantee to a bank which enables a UK bank to confirm a letter of credit – one of the safest ways to ensure that you receive payment.

 

Buyer Credit Facilities (typically for export contracts over £5 million) and Supplier Credit Facilities A guarantee provided to a bank that enables it to make a loan to the overseas buyer of a UK export which is repayable over two years or more. The UK exporter is paid out of the loan for amounts payable under the export contract when due. This assures the exporter of receiving payment. In some circumstances a Buyer Credit loan might be supported by the Export Refinancing Facility

 

Direct Lending Facility A new product that will see UKEF provide buyer credit loans directly to overseas buyers in order for them to purchase UK exports.

 

https://www.gov.uk/government/collections/exporting-find-out-if-we-can-help

 

Case studies of firms who have benefited from support: https://www.gov.uk/government/case-studies/how-we-have-helped-other-exporters

 

Contact details:

Email customer.service@ukef.gsi.gov.uk  or Telephone 020 7271 8010