UK Export Finance

UK Export Finance (UKEF) is the UK’s export credit agency and a government department, working alongside the Department for International Trade.

Having finance and insurance backing from HM Government through UKEF gives you the edge you need to win and fulfil contracts and withstand risk of non-payment in international markets. UKEF supports exporters to:

  • access export finance
  • manage payment risks
  • win export contracts by offering competitive terms to buyers. UKEF works with banks and other financial institutions to support exports for any size of company and across all sectors, from capital goods to services and intangibles such as intellectual property.

Access export finance

If the terms of a contract require a bond, such as performance guarantees or advance payment guarantees, UKEF’s Bond Support Scheme can guarantee a UK exporter’s bank up to 80% of the bond’s value, significantly reducing the size of the deposit needed.

UKEF’s Export Working Capital Scheme can partially guarantee to cover the credit risks for lenders associated with export working capital facilities. This means UK companies can export if they win a contract higher in value than usual, or win more overseas contracts than usual.

UK suppliers to exporters can now also access UKEF financing, further spreading the benefits of trade. Becoming part of an export supply chain can help smaller companies get their products and services into new markets.

Managing payment risks

UKEF helps exporters manage the uncertainties of trading overseas. Export insurance is readily available in most cases from the commercial sector but securing the right cover can be a challenge in some markets.

UKEF’s Export Insurance Policy extends to cover exporters who are unable to uphold the contract for reasons beyond their control, such as country risk or issues within a supply chain.

Offering competitive terms to buyers

UKEF helps exporters win contracts by providing attractive financing for overseas buyers, either in the form of guarantees on commercial loans or by lending to them directly. This competitive, long-term financing is particularly relevant to buyers in new and emerging markets, but is also used for larger and longer-term projects that the private sector does not have the capacity to support. UKEF can offer support in over 60 pre-approved local currencies, enabling more overseas buyers to buy from the UK and pay in their own currency.

Find out more about UKEF’S services and products and read success stories, describing real-life examples of UKEF support.

Get in touch to see if UKEF can help your business:

customer.service@ukexportfinance.gov.uk

020 7271 8010