The United Kingdom is stepping up its commitment to global trade by expanding its export finance support by an impressive £20 billion ($26 billion), providing a strong boost to businesses looking to grow their presence in international markets.
This expansion increases the total lending capacity of UK Export Finance (UKEF) to £80 billion, with £10 billion specifically dedicated to supporting exporters adjusting to recent changes in trade dynamics. The move is a proactive effort to ensure UK companies remain competitive, confident, and well-equipped to seize new global opportunities.
“This initiative is about future-proofing British trade,” said Finance Minister Rachel Reeves. “We are backing our businesses with the tools they need to succeed in an evolving global economy. This support will help them navigate challenges, unlock new markets, and grow internationally.”
Small and medium-sized enterprises (SMEs), often the backbone of UK exports, will particularly benefit from this package, with access to loans of up to £2 million. These funds will help exporters invest in expansion, fulfill international contracts, and strengthen their role in the global supply chain.
The increased export finance aligns with the UK’s vision of advancing sustainable trade, innovation, and economic collaboration with global partners—reinforcing its role as a key player in the international trading system.
#ITCNewsUpdates #TradeFinanceNews #ExportGrowth #NewsUpdate #GlobalTradeNews #BreakingNews