BExA was pleased to welcome Greg Hands, Minister of State for Trade and Investment, to the BExA annual lunch at the Mansion House on Monday 10th October. The Minister addressed the 220 attendees to provide an overview of the aims of the new Department for International Trade.
Marcus Dolman, BExA Co Chairman – Large Exporters commented ‘We welcome the creation of the DIT, the associated elevation of Trade within Government and the recognition of the importance of Trade to the UK economy.’
Geoff de Mowbray, BExA Co Chairman – SME & Micro Exporters added ‘BExA’s focus for SMEs is to work with DIT and UKEF to strengthen the UK’s offering for sourcing and converting opportunities of smaller value exports to ensure financing of these opportunities is simplified and streamlined.
We welcome Greg Hands engagement with BExA and look forward to creating opportunities from the challenges the UK currently faces as we negotiate our exit from the EU.’
BExA launches today its 7th Annual Benchmarking of UK Export Finance entitled “Driving export growth in uncertain times”.
View press release.
Download the full paper.
A comment by BExA Co-Chairman, Geoff de Mowbray, has featured in a GTR article entitled ‘UK exports surge, trade gap narrows following Brexit vote’. To view the full article please click here.
Following BExA’s attendance at a roundtable meeting with the Chancellor of the Exchequer yesterday, a press release was issued by HM Treasury entitled ‘Chancellor backs British exporters as he steps up business engagement ahead of Autumn Statement’. To read the press release in full please click here.
BExA member Dints International has landed a significant mining contract in Ghana with support from UK Export Finance (UKEF). The read the full article please click here.
BExA congratulates Pat Cauthrey and Adam Harris on their new roles at UK Export Finance and wishes them every success for the future.
BExA has today launched its new Manifesto for Exporters – ‘Meeting the Brexit Challenge’. To download a copy please click here.
BExA congratulates UK Export Finance on another positive and encouraging set of results. Whilst the overall value of supported business has fallen slightly to £1.8bn the 23% increase in the number of supported companies shows that UKEF is continuing to expand their reach with UK exporters. Equally encouraging is that 77% of the supported companies are SMEs – these are the organisations that will provide export growth for the UK and UKEFs growing support for SMEs is essential to achieving this.
UKEF have continued to show innovation in their approach to financing with two firsts in the ECA world; the first ECA backed Sukuk and the first Renmimbi denominated financing. BExA welcomes and supports this innovative approach that will only provide further opportunities for UK exporters.
BExA remains committed to working with UKEF to develop their product range to meet the needs of exporters and to ensure the position they have worked hard to achieve, as one of the world’s top export credit agencies, is maintained.
The British public have voted to leave the European Union. We now enter a period of uncertainty for UK exporters as the terms of our exit are negotiated and whilst our trading terms with non-EU countries are clarified. BExA remains committed to promoting the needs of UK exporters with UK Government to ensure the right help is provided to enable exporters to navigate through and succeed during this challenging period.
Details of the new BExA co-Chairmen have featured in an online GTR article which can be viewed here. Geoffrey de Mowbray, Co-Chairman BExA-SME & Micro Exporters, has also featured in an article which appeared in yesterday’s CityAM. To read the full article click here.