Exports: Government Assistance

Department for International Trade written question – answered on 29th October 2018.

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Photo of Graham Stuart Graham Stuart Assistant Whip, Parliamentary Under-Secretary (Department for International Trade)

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’).

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