Trade Promotion

Department for International Trade written question – answered on 13th September 2021.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty's Government what plans they have to streamline administration of support to the UK’s export scheme to help small firms access trade programmes more easily.

Photo of Lord Grimstone of Boscobel Lord Grimstone of Boscobel The Minister of State, Department for International Trade, The Minister of State, Department for Business, Energy and Industrial Strategy

To make access to UK Export Finance (UKEF) support quicker and easier for firms, the General Export Facility is being delivered through leading high street lenders on a delegated basis, so that in many instances a guarantee can be granted automatically and with little waiting time. UKEF has also increased the amount that participating banks can administer automatically from £2 million to £5 million, allowing applications to be processed more quickly.

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