BExA response to UK Export Finance results

7 years ago

BExA congratulates UK Export Finance on another positive and encouraging set of results. Whilst the overall value of supported business has fallen slightly to £1.8bn the 23% increase in the number of supported companies shows that UKEF is continuing to expand their reach with UK exporters. Equally encouraging is that 77% of the supported companies are SMEs – these are the organisations that will provide export growth for the UK and UKEFs growing support for SMEs is essential to achieving this.

UKEF have continued to show innovation in their approach to financing with two firsts in the ECA world; the first ECA backed Sukuk and the first Renmimbi denominated financing. BExA welcomes and supports this innovative approach that will only provide further opportunities for UK exporters.

BExA remains committed to working with UKEF to develop their product range to meet the needs of exporters and to ensure the position they have worked hard to achieve, as one of the world’s top export credit agencies, is maintained.

About British Exporters Association

About BExA BExA is an independent national trade association representing the interests of the export community. Established in 1940 as the National General Export Merchants Group, it became the British Export Houses Association and then in 1988 adopted the name of British Exporters Association when it recruited manufacturing companies as members. BExA: • Lobbies UK Government Departments to provide world-class support to enable British Exports • Provide wide-ranging networking opportunities across a range of Large Exporters, SME’s, Banks, Credit Insurers, Insurance Brokers and Legal firms. • Provides practical advice to new, and experienced, exporters through free comprehensive guides and research papers. Please see our website, www.bexa.co.uk, for more information on our activities and for details on how to contact us.