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UK business given £12.3bn export support from government
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The UK government s export credit agency has announced it gave a record level of financial support to UK exporters in the last year, amid coronavirus disruption and ongoing Brexit trade negotiations.
The government’s export credit agency has announced it gave a “record level” of financial support to UK exporters in the last year.
UK Export Finance (UKEF) provided £12.3bn of support to UK exporters in the last financial year, almost three times the amount given in 2019-20, according to its annual results published today.
The agency, which works alongside the Department for International Trade, provides support for small and medium-sized enterprises that need loans, insurance policies or bank guarantees for export activities.
UK government provides highest level of support for exporters in 30 years
UK Export Finance publishes its annual results for 2020-21, which show the government provided record levels of support for UK exports.
From:
UKEF provided £12.3 billion in financial support for UK exports to 77 countries
UKEF more than doubled the number of UK businesses it assisted over the last 2 years
Up to 107,000 UK jobs were supported and exporters were helped to keep trading through the pandemic
UK Export Finance (
UKEF) provided £12.3 billion in support for UK exports from 2020-2021, almost treble the amount provided in the previous financial year, according to its new annual results published today.