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Government Help For Exporters

Government Help For Exporters 3.00/5 (60.00%) 1 vote
Tuesday 13th August 2019 No Comments »
Government Help For Exporters

Export finance and insurance

UK Export Finance (also known as the Export Credits Guarantee Department) is the UK’s official export credit agency.

It helps UK exporters by ‘underwriting’ bank loans offered to overseas buyers of UK products and services. This means it takes on the risk of the loan from the bank, so that the bank is more likely to offer it.

It can also help exporters to:

  • Raise tender and contract bonds
  • Access working capital finance
  • Secure confirmations of letters of credit

To find out more about the schemes and apply, visit the UK Export Finance website.

Export insurance

UK Export Finance offers insurance to UK exporters against the risk of non-payment by overseas buyers.

Eligibility

UK Export Finance looks at applications on a case-by-case basis. However, to be eligible:

  • You must be in business in the UK
  • The buyer must be overseas

For more information, read the guide to export insurance on the UK Export Finance website.

Organisations in the private sector also offer export insurance.

Overseas investment insurance

UK Export Finance offers overseas investment insurance to UK companies that invest abroad. This covers your company against loss resulting from some political events (eg war, nationalisation of business contrary to international law) in a country you’ve invested in.

For more information on what’s covered and eligibility, read the guide to overseas investment insurance on the UK Export Finance website.

Advice and training

UK Trade & Investment (UKTI) provides a range of services to businesses thinking about or already exporting. It has:

  • Local trade experts you can contact for advice
  • Sector specialists you can contact for help in specific sectors of the market
  • Business opportunity alerts you can sign up for
  • Information on UKTI contacts in over 100 countries
  • Mentors to help businesses export effectively
  • Details of trade events
  • An online trading community that can help you start to trade overseas
At Bizorb we aim to provide the most accurate and up to date information to you. This article contains public sector information licensed under the Open Government Licence v1.0. If you spot any errors in this article please let us know.

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