BExA welcomes Lord Maude’s announcements on a new whole-of-government approach to boosting exports, which is to be delivered via a transformed UKTI. This closely echoes the call for a joined up approach in BExA’s “6th Annual ECA Benchmarking of UK Export Finance – Whole Government Support for Exporters”.
Exporters have long required a coordinated one-stop shop to facilitate their ability to navigate the support and advice available from the many different government departments. This new announcement suggests coordination will soon become a reality and, if implemented successfully, be of significant benefit for the UK exporter community.
Along with UKTI, UK Export Finance will play a critical role in the success of this programme and is well placed to deliver increased export credit and finance support if it continues to follow up on the improvements that have been outlined in successive BExA benchmarking papers.
BExA would be pleased to see DfID included in this joined up approach to export alongside a reintroduced tied aid programme as highlighted in our submission to the recent DfID consultation.
The British Business Bank and its support for SME finance should be extended to include the provision of banking facilities direct to SMEs which is fundamental to the success of the drive to hit the UK’s ambitious export growth targets.
To read the article issued by the CBI please click here
An article by Kevin Godier in the October edition of International Trade Finance features BExA and it’s ECA Benchmarking Report. Click here to read ..
Click here to read the article
BExA is delighted that the Cape Town Convention on International Interests in mobile Equipment and its Aircraft Protocol will enter into force on 1 November 2015. The Treaty is designed to facilitate the financing of highly mobile assets, such as aircraft and aircraft engines. Its adoption will assist UK exports and jobs amongst manufacturers and component suppliers in the commercial airline industry. BExA has been pressing for its adoption for over ten years following a meeting with senior officials in the FCO and (then) DTI in March 2005. At the time, it fell foul of the Spanish ‘Gibraltar hold’ on several outstanding treaties. In August 2014, in response to a BIS consultation on the matter, BExA submitted a response reiterating our support for the Convention.”
The Business, Innovation and Skills Committee has launched an inquiry looking at Exports and the role of UK Trade and Investment (UKTI). Full details of the announcement can be found by clicking here
BExA will be collating members’ views into a response – please make your submission to email@example.com by latest 16th November.
BExA’s submission to the Government’s consultation on this matter.
> Download Submission to Concessional Export Finance Consultation