UK Export Finance (UKEF), the UK’s export credit agency, has helped specialist interior outfitter Trimline to secure a £1m financing package supporting its work refurbishing cruise ships and ferries around the world. Lloyds Bank provided the facility, which is supported by UKEF and allows Trimline to target new business opportunities as demand continues rising almost […]
British businesses are set to benefit from billions of pounds of new exporting opportunities in a further boost to the UK economy under plans published today by UK Export Finance (UKEF). Ministerial government department UKEF is the country’s export credit agency (ECA), helping businesses access finance and insurance to support their overseas trade ambitions. Its […]
More than half of global banks (55%) said rising interest rates had negatively affected non-documentary trade finance asset growth, and 44% noted that geopolitical risks had adversely affected growth. In response to this, 52% of banks are planning to move into new product lines in 2024 (compared with 41% last year) and 27% of banks […]
Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation. The deal closely follows Lloyds Bank becoming the first UK bank to join the WaveBL platform in February 2024, and involved Somerset-based building material […]
The CEO of the United Kingdom’s export credit agency has this week visited Togo and Benin, meeting government ministers in both countries to signal UKEF’s readiness to extend up to £4bn of support for local projects. Last year, the UK’s exports to Togo were worth £287m whilst its exports to Benin were worth £58m. UKEF […]
A deal supported by the UK government’s export credit agency has landed a £4.5m export contract for structural steel firm Severfield. Headquartered in York, Severfield has five manufacturing sites in the UK and two in mainland Europe. Severfield operates in a range of sectors including infrastructure, transport, and commercial, working on high-profile projects such as […]
UK Export Finance (UKEF) has helped Hampshire renewable energy developer Hive Energy secure a £19m bank guarantee facility to fuel its international growth. The new guarantee facility will allow the business to deliver new and existing renewable energy projects with an immediate focus on Turkey and Serbia. Hive Energy develops renewable energy projects, such as […]
British skiwear disruptors OOSC Clothing are set for global expansion with a government deal which secures them a £1.4m export finance package. OOSC was started by two friends from Swansea University and now exports to over 110 countries from their regional websites including sales to 49 separate US states. UK Export Finance has supported HSBC […]
To meet the increasing demand for supply chain finance in the Asia-Pacific region and deliver industry leading customer experience, Crédit Agricole CIB (the “Bank”), has launched the new Optim Receivables and Supply Chain Finance (RSF) platform, white- labelled by Demica, the market leading supply chain finance fintech. A major milestone towards the Bank’s ambition to […]
Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs). Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end […]
