Government backing to help UK businesses compete globally
Where businesses are looking to expand internationally but concerned about cash flow or payment risks then UK Export Finance (UKEF) could be the solution. As the UK’s official export credit agency and a government ministerial department, UKEF has been helping British businesses succeed overseas for over 100 years.
Snowball is delighted to have been accredited to partner with the UKEF team to help advise and source finance and provide other solutions for businesses.
How UKEF supports business growth
UKEF partners with banks and other finance providers to offer government-backed guarantees that unlock opportunities many businesses thought were out of reach. Whether a business is an established exporter or taking its first steps into international markets, UKEF supports companies of all sizes across multiple sectors.
Popular products that make a difference
The General Export Facility provides partial guarantees to help businesses access trade finance and working capital for everyday export costs like labour and inventory.
The Export Insurance Policy protects against payment defaults by overseas buyers.
The Bond Support Scheme guarantees up to 80% of contract bonds, freeing up cash to use as working capital.
Expert support available locally
UKEF support businesses through their network of regional Export Finance Managers based around the UK who can provide free and impartial consultations to businesses on their export finance needs. They help UK companies to check they are getting the appropriate export finance support and, if not, guide them on how to bridge any gaps.
UKEF partners with private sector finance providers to grow UK exports and international trade. While Export Finance Managers are able to provide general export assistance, they neither recommend nor advise on particular transactions, products, services or providers and do not opine on specific contractual matters. In reaching decisions on export transactions exporters should continue to use their existing professional advisers.
Ready to explore new markets?
With government backing and over a century of experience, UKEF has the expertise and products to help exporting businesses compete on the global stage. Don’t let finance be a barrier to international growth.
Click here to contact UKEF direct and they will put you in touch with the relevant regional export finance manager for you, or contact us at Snowball for more information.
