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UK Export Finance

Inquiry

Background

  1. UK Export Finance (UKEF) is the UK’s official export credit agency. It aims to support British exporters by ensuring that “no viable UK export fails for lack of finance or insurance from the private sector, while operating at no net cost to the taxpayer.” This is done by means of “a combination of guarantees, insurance and financing (often in partnerships with banks).” UKEF is a department in its own right but is strategically aligned with the Department for International Trade and has the same ministerial team.
  2. In June 2020, UKEF published its business plan to 2024. Its delivery objectives include to provide export finance, insurance and guidance to business of all sizes in support of the Government’s Export Strategy; adapt and focus activity on sectors and countries where UKEF support will have the greatest economic benefit; and improve awareness of the support available from UKEF.
  3. In addition, UKEF has supported exporters during the COVID-19 pandemic by temporarily extending its Export Insurance Policy and it is formally launching new General Export Facility and Export Development Guarantee products shortly to further support businesses impacted by the pandemic.

Reports, special reports and government responses

View all reports and responses
Second Report - UK Export Finance
Inquiry UK Export Finance
Committees International Trade Committee
HC 126
Report
Response to this report
Sixth Special Report - UK Export Finance: Government Response to the Committee’s Second Report
HC 965
Special Report
Sixth Special Report - UK Export Finance: Government Response to the Committee’s Second Report
Inquiry UK Export Finance
Committees International Trade Committee
HC 965
Special Report

Oral evidence transcripts

View all oral evidence transcripts
23 June 2021
Inquiry UK Export Finance
Witnesses Graham Stuart MP (Minister for Exports at Department for International Trade), and Louis Taylor (Chief Executive at UK Export Finance)
Committees International Trade Committee
Oral Evidence
12 May 2021
Inquiry UK Export Finance
Witnesses Dr Kamala Dawar (Senior Lecturer in International Trade & Commercial Law at University of Sussex), and Adrian Jones (Trade & Export Finance Manager at Boskalis Marine Contracting Ltd)
Committees International Trade Committee
Oral Evidence
12 May 2021
Inquiry UK Export Finance
Witnesses Mark Ling (Head of Trade & Supplier Finance at Santander UK), Bhavna Saraf (Head of Trade Product at Lloyds Banking Group), and Ian Tandy MBE (Managing Director, Global Trade & Receivables Finance UK at HSBC UK)
Committees International Trade Committee
Oral Evidence
UEF0041 - UK Export Finance
Witnesses UK Export Finance
Committees International Trade Committee
Written Evidence
UEF0040 - UK Export Finance
Witnesses Lloyds Banking Group
Committees International Trade Committee
Written Evidence
UEF0039 - UK Export Finance
Witnesses L3Harris Commercial Training Solutions
Committees International Trade Committee
Written Evidence

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