Trade Finance and insurance solutions to support UK Exporters

UK Export Finance is the government department that works with companies, banks and overseas buyers to support UK exports and investments across the world. I am based in the North West to advise companies on how to finance their exports and mitigate their credit risk.

Our services include:

  • Export Insurance policy – An Insurance policy for a UK exporter that covers them against non-payment of an export contract. The policy covers costs incurred should your customer become insolvent before the goods are delivered or if they fail to pay due to specified political, economic or administrative events.
  • Bond Support Scheme – A guarantee proved to a bank so the bank can help the exporter to arrange the issue of a bond to an overseas buyer, potentially improving your cash flow. It covers most types of contract bond.
  • Bond Insurance Policy – An insurance policy provided direct to a UK exporter to protect against a demand for payment under a bond which is unfair or caused by political events.
  • Export Working Capital Scheme – A guarantee provided to a bank, so the bank can help you to finance the working capital you might need to deliver an export contract.
  • Letter of Credit Guarantee Scheme – A guarantee to a bank which enables a UK bank to confirm a letter of credit – one of the safest ways to ensure that you receive payment.
  • Buyer and Supplier Credit Facilities – A guarantee provided to a bank that enables it to make a loan to the overseas buyer of a UK export which is repayable over two years or more. The UK exporter is paid out of the loan for amounts payable under the export contract when due. This assures the exporter of receiving payment.
  • Direct Lending Facility – A new product that will see UKEF provide buyer credit loans directly to overseas buyers in order for them to purchase UK Exports.
We are here to help all exporters.
 
For more information on any of the above, contact Steve Cowles, Export Finance Adviser for the North West by email steve.cowles@ukexportfinance.gov.uk or by phone 07966308452.


If you are looking for further advice on exporting, please call Cumbria Business Growth Hub on 0844 257 8450 or email: Catherynn@cumbriachamber.co.uk

Details of local events can be found here.

If you want to export your products or services contact DIT for free advice and support and find opportunities to export your products and services at www.exportingisgreat.gov.uk