A recycling business from County Tyrone has secured multimillion-pound contracts to export recycling machinery to Saudi Arabia with the support of UK government department UK Export Finance. Kiverco is a family-owned business which designs and delivers recycling plants that process, separate and recover waste in a range of sectors. Its UK-designed technology helps clients deal […]
Mitigram, the global leader in digital trade finance, is pleased to announce it has partnered with Fides, the industry-leading multibank connectivity provider, as Mitigram becomes their trusted partner for trade finance supply. This is in line with Mitigram’s strategy to improve bank communication for corporates. The partnership will enable clients to digitalise their trade finance […]
Santander UK has joined forces with The Chartered Institute of Export and International Trade, a professional membership body offering support, training and qualifications to UK businesses. The collaboration comes as the desire for growing internationally rises among UK businesses yet challenges such as accessing the right support, a lack of skills and cutting through bureaucracy prevents […]
This morning’s ONS trade data showed that the value of goods imports increased by £3.3bn (7.1%) in June 2024, with a rise in imports from both EU and non-EU countries. The value of goods exports rose by £2.3bn (7.6%) in June 2024, with an increase in exports to both EU and non-EU countries. The total […]
UK Export Finance (UKEF) and KUKE, the UK and Polish export credit agencies, have guaranteed a €249m loan being arranged by Standard Chartered Bank for Turkish renewable energy investment company Kalyon Enerji, enabling the construction of Turkey’s second-largest solar project to date. This deal is expected to support UK jobs in the renewable-energy sector supply […]
Hundreds of UK businesses benefited from £8.8bn in support underwritten by UK Export Finance (UKEF) in the financial year 2023/24. As the UK government’s export credit agency, UKEF provides loans, guarantees and insurance to help businesses sell their products around the world. UKEF’s support in the last financial year enabled 650 UK companies to win […]
UK Export Finance has worked with Virgin Money to secure a £750k financing package for Scottish premium shortbread manufacturer Dean’s of Huntly. The family-owned business already exports to markets like Germany, USA, Australia, and China, selling both branded shortbread and own-brand products made for large overseas retailers. Seasonal demand for its hand-baked shortbread means that […]
UK Export Finance (UKEF), the UK’s export credit agency, has helped specialist interior outfitter Trimline to secure a £1m financing package supporting its work refurbishing cruise ships and ferries around the world. Lloyds Bank provided the facility, which is supported by UKEF and allows Trimline to target new business opportunities as demand continues rising almost […]
British businesses are set to benefit from billions of pounds of new exporting opportunities in a further boost to the UK economy under plans published today by UK Export Finance (UKEF). Ministerial government department UKEF is the country’s export credit agency (ECA), helping businesses access finance and insurance to support their overseas trade ambitions. Its […]
More than half of global banks (55%) said rising interest rates had negatively affected non-documentary trade finance asset growth, and 44% noted that geopolitical risks had adversely affected growth. In response to this, 52% of banks are planning to move into new product lines in 2024 (compared with 41% last year) and 27% of banks […]
