Case study

ES Global secures Asian Games 2018 contract with UKEF support

ES Global beat international competition to win a contract working on the Jakarta Velodrome for the Asian Games 2018 with government financial backing.

ES Global - exporters' edge
About ES Global  
Region London
Sector Sports and entertainment
Export destination Indonesia
UKEF support Export Insurance Policy

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.

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Published 23 January 2018