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The UK’s export credit agency is providing a £500mn loan guarantee to automotive manufacturer Jaguar Land Rover, in a bid to boost the country’s electric vehicle (EV) manufacturing and export sector. The agreement, which was signed and drawn down in full by the company in December, sees UK Export Finance (UKEF) cover 80% of a . ....
British exporters are urging the country’s export finance agency to reduce its premiums, which they say are out of step with European rivals and risk discouraging UK companies from bidding for contracts. UK Export Finance (UKEF) typically charges premium rates of 6% to 7%, according to an annual benchmarking report from the British Exporters Association . ....
SSE Renewables and Equinor have closed financing for the final stage of their Dogger Bank wind farm project off the northeast coast of England, drawing in dozens of lenders and a trio of export credit agencies (ECAs). In a deal announced this week, the two energy companies have secured around £3bn for Dogger Bank C, . ....
Greensill’s use of risk mitigants, including trade credit insurance and export credit agency guarantees, was extensive. However, since the company’s collapse, doubts have been raised over its dependence on such cover, and in some cases, whether policies or guarantees were valid in the first place. John Basquill examines the controversial claims at the heart of . ....