UK Export Finance (UKEF), the UK’s export credit agency, has welcomed the fifth annual benchmarking report, UK Export Finance: Supporting the National Export Challenge, published last week (2 October 2014) by the British Exporters Association (BExA).
Commenting on the recommendations within the report, David Godfrey, Chief Executive of UKEF said:
We welcome BExA’s report and are gratified that the benchmarking recognises that UKEF has increased its product range over the last five years and is now in the top tier of export credit agencies in the OECD. We will continue working with interested trade groups to identify whether gaps in the market still exist and how we develop our product range even further to meet those needs.
Notes for Editors
UK Export Finance is the UK’s export credit agency. It supports long term economic growth and competitiveness by complementing the private market with insurance for exporters, loan guarantees to banks, and support for and provision of loans to overseas buyers of UK goods and services.
- Sectors in which UKEF has supported exports include: aerospace, petrochemicals, construction, oil and gas, mining and metals, telecommunications, and transport.
- During the last five years UKEF has provided over 1,500 guarantees and insurance policies with an exposure value in excess of £14 billion.