Exports: Finance:Written question - HL9900

Q
Asked on: 24 July 2018
Department for International Trade
Exports: Finance
Lords
To ask Her Majesty's Government whether they intend to inform exporters of the public and private sector financing services available to them; and if so, how.
A
Answered by: Baroness Fairhead
Answered on: 07 August 2018

UK Export Finance (UKEF) is the UK’s award-winning Export Credit Agency (ECA),and was awarded ‘best ECA 2017’ by Global Trade Review and Euromoney’s Trade Finance. Over a five-year period UKEF has provided £12.3bn of support for UK exports, helping 191 companies sell to 75 overseas markets in the last year.

Information on the range of services provided by UKEF can be found on great.gov.uk. Additionally, UKEF is working to increase awareness of the services they offer to exporters. Initiatives include a new bank partnership model, allowing smaller companies to access UKEF finance directly from their high street bank; exporter fairs, connecting overseas buyers to UK exporters; and a multi-channel UKEF marketing campaign under the “GREAT” branding..

UKEF’s Export Finance Managers located across the country also provide information to exporters on public and private sector financing options.

In addition, the Department for International Trade will shortly be publishing an export strategy.

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