Correspondence

Increase of UK Export Finance cover limit for Ukraine

The UK government has instructed UK Export Finance to increase the market limit for Ukraine from £3.5 billion to £6.5 billion.

• From: UK Export Finance and The Rt Hon Jonathan Reynolds MP
• Published: 28 October 2026

Documents

Letter from UKEF Accounting Officer to Secretary of State for Business, Innovation, Science & Trade setting out UKEF’s cover position for Ukraine

PDF, 184 KB, 2 pages

Letter from UKEF Accounting Officer to Secretary of State for Business, Innovation, Science & Trade setting out UKEF’s cover position for Ukraine

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Letter from Secretary of State for Business, Innovation, Science & Trade confirming increase of UKEF’s capacity limit for Ukraine

PDF, 192 KB, 1 page

Letter from Secretary of State for Business, Innovation, Science & Trade confirming increase of UKEF’s capacity limit for Ukraine

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Details

The first letter is from UK Export Finance’s (UKEF) Chief Executive and Accounting Officer to the Secretary of State for Business, Innovation, Science and Trade. It sets out that UKEF is close to capacity against its existing £3.5bn limit and the Accounting Officer has been asked by the Secretary of State for Business, Innovation, Science and Trade to consider an increase of £3bn taking UKEF’s Ukraine country risk limit to £6.5bn. This letter sets out an assessment of that ask.

The second letter is from the Secretary of State for Business, Innovation, Science and Trade to the UKEF Chief Executive and Accounting Officer. It sets out that it is in the national interest for UKEF to remain on cover for Ukraine and to increase its capacity limit from £3.5 billion to £6.5 billion.