Department for International Trade written question – answered at on 29 October 2018.
To ask the Secretary of State for International Trade, what the eligibility criteria are for access to UK Export Finance's Direct Lending Facility.
UK Export Finance’s (UKEF) Direct Lending Facility is open to any exporter carrying on business in the UK who can satisfy UKEF that a single bank with a dedicated trade finance function cannot provide export finance for the transaction, or will only provide finance at an interest rate that would jeopardise the prospects of winning the export contract. This product can be particularly valuable in supporting small deals, and those in less developed markets, where bank capacity is typically more limited.
UKEF publishes information about its Direct Lending Facility, including eligibility criteria, on its website. https://www.gov.uk/guidance/direct-lending-scheme (see ‘Main Features Document’).
Yes1 person thinks so
No1 person thinks not
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