ES Global won a contract working on the Jakarta Velodrome for the Asian Games 2018 but had difficulty securing an export insurance policy from the commercial market. UKEF offered both the policy and guaranteed a bank loan to secure the cash needed to fulfil the USD$19 million contract, representing half of ES Global’s total contract working on the Asian Games.
Olly Watts, Director of ES Global, said:
The support we’ve received from UKEF has been brilliant. This is the third project UKEF has helped us on and without them, I’m not sure we could’ve taken on those contracts. UKEF makes the risks of exporting much more manageable and I can’t recommend their products enough.
How to access UKEF support
Get the Exporters’ Edge
Putting the right finance and insurance in place can give you the exporting edge, helping you to win contracts, fulfil orders and get paid.