North Somerset farm secures export business with UKEF backing
UKEF helps family-run dairy business, Lye Cross Farm, to protect its international sales against changing market conditions.
| About the transaction: Lye Cross Farm | |
|---|---|
| Region | Somerset |
| Sector | Food and drink: dairy products |
| UKEF support | Export insurance policy |
Lye Cross Farm has been selling award-winning cheese from its North Somerset farm for over 60 years. Its business with a longstanding customer ran into difficulty when its existing provider was no longer able to provide export insurance for its market. This put the company at risk of losing an important regular customer and valuable long-term revenue stream.
We worked with Lye Cross Farm to put together an export insurance policy tailored to its requirements, helping to ensure the company didn’t lose out on valuable repeat business and could maintain its reputation for quality and reliability with its international customers.
Tim Harrap, Head of Collaboration at Lye Cross Farm, said:
When private sector providers were withdrawing from the market, a business contact told me that UKEF was offering export credit cover that could help us maintain this business.
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