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22nd September 2017
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Financing the future - new government help for exporters
Many more British exporters, including many SMEs, are now eligible to apply for short term credit insurance from the UK export credit agency, ECGD (Export Credits Guarantee Department).
ECGD's short term insurance has previously only been available for capital exports, making it of interest mainly to large exporters. In the white paper: 'Trade & Investment for Growth', the Government announced that this would be extended to include finished and intermediate goods. The contract value can be as low as £20,000.
ECGD works with exporters, project sponsors, banks and buyers to help UK exporters by providing insurance against non-payment risks to UK exporters and guarantees for bank loans to facilitate the arranging of finance to buyers of UK goods. It also provides insurance against political risks to UK investors in overseas markets.
Exporters who want to know more about this new support from ECGD should call the ECGD customer helpline on:
T: 0207 512 7887
25th March 2011