SME consortium builds hospitals in Ghana with UKEF support
NMS International leads task force of UK small and medium-sized firms building seven hospitals in Ghana, thanks to a buyer loan guarantee from UK Export Finance.
| About the transaction: NMS International | |
|---|---|
| Region | Leicestershire |
| Sector | Infrastructure: project delivery |
| Project location | Ghana |
| UKEF support | Buyer credit facility |
When NMS International sought to undertake an ambitious project to construct seven district hospitals in Ghana, it asked UK Export Finance (UKEF) to guarantee a loan to the Ghanaian Ministry of Health. This support meant the company was able to offer a competitive finance package to the Ghanaians while being paid up front, allowing it bring a consortium of small UK firms to the project.
Complex infrastructure
NMS International Group is a UK small business with its headquarters in Leicestershire, specialising in managing complex infrastructure projects, primarily in Africa and the Middle East.
The buyer credit facility was arranged by Barclays Bank and 100% covered by UKEF. In cases like this we can guarantee loans to overseas buyers of UK goods and services where the private market needs support, or offer a loan to buyers directly.
Transformational project
NMS Infrastructure Limited is now leading a consortium of some 50 UK‑based small and medium-sized enterprises (SMEs) to deliver the project including architects, logistics specialists and engineering and medical equipment firms, working alongside Ghanaian workers and companies. The contract represented a significant boost in business for many of these suppliers, showing how UKEF’s backing for exporters can help many other companies indirectly, with benefits passing down the supply chain.
Frederik Hsu, NMS Group Deputy Chairman, said:
Everyone benefits from this approach – the customer, UK SMEs and UK exports.
We now manage a skilled Ghanaian construction workforce of more than 1,100 people. With the momentum established by this project, NMS is beginning to win more business across the sub-Saharan region, in multiple countries and multiple locations.
The project has been transformational for NMS, and would not have been possible without UKEF support.
More information
- Find out more about our Buyer Credit Facility
- Read more of our success stories
- Get free and independent guidance from one of our Export Finance Managers
- Find out more about our products and services
New business enquiries