Hundreds of UK businesses ranging from suppliers of solar batteries to life-saving medical equipment have benefited from £6.5bn in UK Export Finance (UKEF) support over the last year to break into international markets and grow – supporting up to 55,000 UK jobs and contributing billions of pounds to the economy. As the UK’s export credit […]
A Wirral-based specialist manufacturer of boats serving search and rescue, defence and security sectors has won major international contracts after receiving £5m in support through UK Export Finance (UKEF). Marine Specialised Technology Group (MST) designs, manufactures and maintains rigid-hulled inflatable and high-speed workboats for use worldwide. Through UKEF’s General Export Facility (GEF) scheme, MST received […]
Chile is positioned as the leading innovation ecosystem in Latin America and the Caribbean and as a result, has an increasing number of scale ups which are looking to expand internationally into new markets, such as the UK. In recognition of this, ProChile Global X, a soft-landing program for Chilean companies willing to expand towards Europe […]
UK Export Finance (UKEF) has announced £300k of support for Telford-based battery manufacturer AceOn, allowing it to secure new export contracts in the Portuguese renewable energy market. This deal sees UKEF use its partnership with non-bank lender Newable to support the export ambitions of small and medium-sized enterprises through its General Export Facility scheme. This […]
Flanders Investment & Trade, the official government body for the Flanders region of Belgium, has today published its full-year trade figures for 2022, which reveal that the total value of exports from the UK to Flanders was 134.56% higher than in 2021. Total UK exports to Flanders in 2022 amounted to €33.77bn. UK exports to Flanders showed strong […]
UK Export Finance (UKEF) has appointed a new International export finance executive (IEFE) to promote trade opportunities with the UK. The IEFE, based at the British Consulate in São Paulo, will ensure continued support for trade links between the UK and Brazil, working closely with major UK government departments to showcase the expertise, capability and […]
The government has published a draft of its long-awaited plan covering remaining import controls on goods entering Britain from the EU. Although checks on goods leaving Britain for the continent were bought in immediately following the end of the transition period after EU exit, import controls have been introduced by the UK in stages. The draft Border Target […]
Britain is poised to join an Indo-Pacific trade pact as the economy pivots away from the European Union. The UK is expected to become the first non-founding member of The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comprises Japan, Canada, Vietnam, Malaysia, Singapore, Mexico, Peru, Chile, Australia, New Zealand, and Brunei. It gives UK […]
Reacting to the news that the UK has joined The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) director general of The Institute of Export & International Trade (IOE&IT) Marco Forgione, said: “We welcome the news of the UK’s imminent accession to CPTTP. This agreement not only reduces trade tariffs for goods, but also […]
UK Export Finance (UKEF) today announces it has appointed its first International Export Finance Executive (IEFE) for South Korea. With £4bn of funding on offer to buyers, provided they source 20% from the UK, the IEFE will work to facilitate major financing deals for Korean businesses who seek to build relationships with UK exporters. The […]
