UK Export Finance is the UK’s export credit agency. It works closely with overseas buyers to help them finance purchases from UK suppliers.
The basic deal is that UKEF helps overseas buyers access finance for UK supplies by providing guarantees:
(i) for long term loans, usually repayable over 2-10 yrs (but sometimes longer eg for project finance) and
(ii) at competitive rates of interest
UKEF can also offer funding of up to £3 billion directly to overseas buyers of UK exports through the Direct Lending Facility.
UK Export Finance has helped overseas buyers all over the world on projects ranging from buying gas turbines to building of a waste-to-energy plant, construction of a hospital, purchase of construction equipment or related services such as consultancy, engineering, or architecture.
No project is too big or too small: UKEF support has helped UK exporters supply to projects from US$1m to US$20bn. UKEF can consider buyers from corporate entities to sovereign or public buyers and project finance, including PPPs.
As if that weren’t enough, UKEF can also help UK exporters by:
(i) providing insurance against the risk of not being paid by their overseas buyer; and
(ii) guaranteeing export working capital facilities and advance, bid or performance bonds from their bank.
If some or all of this sounds relevant to your business, please contact Sinan – he’s waiting to hear from you! His e-mail is sinan.ozcan@ukexportfinance.com and his telephone number is +90 532 547 1362. Or check out the UKEF website.
PS: a diagram showing how export credits work is below:
