The Small Deals initiative was set up in October 2017 and supported its first transaction in August 2018. Since then it has supported a further six, with a further one anticipated during the current financial year. Of those deals, 57% have involved Small and Medium-Sized Enterprise (SMEs) exporters.
During the last five financial years, UK Export Finance (UKEF) has supported the following total numbers of exporters:
Consistently over 70% of businesses directly supported by UKEF are SMEs. In addition, many transactions involving larger businesses further support the UK supply chain, which includes significant numbers of SMEs.