UK Export Finance Services
Medium-Term products from UK Export Finance
Buyer Credit Facilities
Under a buyer credit facility UK Export Finance provide a guarantee to a bank that makes a loan to an overseas buyer to finance the purchase of capital goods and/or services, worth at least £5 million from an exporter carrying on business in the UK. Loans can be made in the main trading currencies (including sterling, US dollars and euro) as well as some local currencies.
How buyer credit facility works, its benefits, its features and how to apply visit: www.gov.uk/buyer-credit-facility
Direct Lending Facility
Under the Direct Lending Facility UK Export Finance provide loans up to £3 billion in aggregate to overseas buyers to finance the purchase of capital goods and/or services, from exporters carrying on business in the UK. Loans can be made in Sterling, US Dollars, Euro or Japanese Yen.
How the Direct Lending Facility works, its benefits, its features and how to apply visit: www.gov.uk/direct-lending-scheme
Export Insurance Policy
The Export Insurance Policy insures an exporter against the risk of not being paid under an export contract or of not being able to recover the costs of performing that contract because of certain events which prevent its performance or lead to its termination.
To find out about the Export Insurance Policy - how it works, its benefits, and its main features visit: www.gov.uk/export-insurance-policy
Bond Support Scheme
Under the Bond Support Scheme UK Export Finance provide partial guarantees to banks in support of UK exports.
Where a bank issues a contract bond (or indemnifies an overseas bank providing the bond) in respect of a UK export contract, they can typically guarantee up to 80% of the value of the bond.
To find out more on what the Bond Support Scheme is, how it works, its benefits and information on how to apply visit: www.gov.uk/bond-support-scheme-overview-and-how-to-apply
Bond Insurance policy
A bond insurance policy is for UK exporters, where a UK bank issues a bond on their behalf to an overseas buyer, or a counter-guarantee to a bank in the buyer’s country, as a condition of an export contract.
How to apply for a bond insurance policy from UK Export Finance - eligibility, the types of bonds covered and how it works visit: www.gov.uk/bond-insurance-policy
Export Working Capital Scheme
The scheme assists UK exporters in gaining access to working capital finance (both pre and post-shipment) in respect of specific export contracts. Under the scheme, UK Export Finance provide partial guarantees to lenders to cover the credit risks associated with export working capital facilities. Where a lender provides such a facility in respect of a UK export contract, they can typically guarantee 80% of the risk.
To find out about the Export Working Capital Scheme - how it works, which lenders are participating and how to apply visit: www.gov.uk/export-working-capital-scheme-overview-and-how-to-apply
Letter of Credit Guarantee Scheme
Where a UK bank adds its confirmation to a letter of credit issued by an overseas bank to finance an export from the UK, UK Export Finance can typically guarantee between 50% and 90% of the value of the letter of credit.
For a guide to the Letter of Credit Guarantee Scheme, how it works, its benefits, its key features and how to access the scheme visit: www.gov.uk/letter-of-credit-guarantee-scheme-overview-and-how-to-apply
Free consultation with an Export Finance Adviser
Advisers are available across the UK. Contact them directly to request a consultation: www.gov.uk/government/publications/uk-regional-export-finance-advisors