2/15/2024 0 Comments Tim reid hsbc![]() In speaking with our customers – and especially with small businesses – it’s clear that ease of accessing finance and flexibility in repayment terms make a big difference for firms wanting to export. We’re proud to celebrate another successful year of supporting UK businesses. ![]() Tim Reid, CEO at UK Export Finance, said: This first use of the ‘invest-to-export’ EDG product heralds the availability of more funding to support businesses investing in new UK export opportunities. Helping South Korean manufacturer SeAH Steel Holding to build a wind technology factory in Teesside, this UKEF-backed financing will support more than 1,500 jobs in the UK supply chain as the factory creates major opportunities for suppliers small and large. UKEF has announced its first ever ‘Invest-to-Export’ loan guarantee, securing a major overseas investment in North-East England. New ‘invest-to-export’ product secures investment supporting over 2,000 jobs The maximum tenor for loans under the General Export Facility has also increased from two to five years, giving businesses more flexible repayment terms where most needed. This is a boost for small businesses, which have already unlocked over £280 million in financing through the fast-track scheme since it was unveiled in 2021. The maximum support which UKEF can offer under auto-inclusion has doubled from £5 million to £10 million, meaning that UK exporters can access more support with a simple request through a participating bank. This means that small businesses can now access more government-backed credit more quickly without manual intervention from UKEF. The export credit agency has expanded its ‘auto-inclusion’ scheme which provides fast-track access to trade finance products like the General Export Facility. More fast-track funding for small UK exporters UK Export Finance (UKEF) announces today at its annual conference that it is introducing more flexible, fast-track financing for small businesses – making it easier than ever for UK firms to sell in international markets. Addressing up to 1,000 business leaders and industry delegates, the Minister for Exports revealed that UKEF can now fast-track applications for competitive trade finance worth up to £10 million – double the previous limit.The government’s export credit agency has announced new measures to help small businesses access more exporting opportunities than ever at its annual conference.Please note: UNEP FI is not able to provide Blue Zone accreditation to its members nor anyone else.UKEF announces new products and partnerships to enhance international trading opportunities at the export credit agency’s annual customer conference. Watch out for further updates on UNEP FI’s presence at key events at COP28 on this page. If you would like to sponsor the event, please contact: FI at COP28 Amal-Lee Amin, Managing Director and Head of Climate, Diversity and Advisory, British International Investment (BII).Bertrand Millot, Head of Sustainability, CDPQ.Mark Manning, Strategic Policy Advisor on Sustainable Finance, Financial Conduct Authority UK.Laetitia Tankwe, Head of Sustainability Implementation & Assurance, HSBC AM.Steve Waygood, Chief Responsible Investment Officer, Aviva.José Pugas, Partner and Head of Responsible Investments and Engagement at JGP Asset Management.Jan Kæraa Rasmussen, Head of ESG & Sustainability at PensionDanmark.Tamsin Ballard, Chief Initiatives Officer, PRI.Gunther Thallinger, Chair of Net Zero Asset Owner Alliance and Board Member, Allianz.Helena Vines Fiestas, Chair, EU Platform on Sustainable Finance.Jim Skea, Chair, Intergovernmental Panel on Climate Change (IPCC).Our goal is to align sustainable finance with the real economy and enable a just transition to a net-zero, nature positive global economy.īlue Zone accreditation is not required for this free-to-attend event. UNEP FI and the PRI will bring together 400+ banks, insurers, investors, policymakers, civil society organisations and scientists for discussions on decarbonization, policy engagement, the climate-nature nexus, adaptation and best practices to identify, measure, disclose, and manage sustainability risks in the financial sector. Not to be missed at COP28, this event will enhance collaboration, foster dialogue, promote clear standards, and drive sustainable practices across portfolios and sectors through a series of keynotes, panels and networking opportunities. Hosted by Climate Action, the PRI and UNEP FI, this event will be one of the biggest platforms for open dialogue with the finance sector held alongside COP28. The Sustainable Finance Forum will be held on 6 December in Dubai, UAE.
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