BExA comments as UK Export Finance publishes its 2019-20 results

UK Export Finance (UKEF), the UK's Export Credit Agency, has published its 2019-20 results and new Business Plan. 

BExA welcomes the positive figures announced.  Although the headline support figure has reduced compared to last year we need to be mindful that last years’ numbers were skewed by a very large one off transaction. This years’ figures show a marked increase in business volumes compared with previous years and we commend UKEF for their continued support of UK exporters.

UKEF is a critical resource for UK exporters and their importance will be amplified this year in supporting businesses through the current crisis. We praise their enthusiasm and ingenuity in developing new products and services. We particularly look forward to the new Export Development Guarantee and General Export Facility schemes that are under development being made available to all exporters imminently and see this as a real game changer in the support of UK exports.