UK Export Finance unveils new tools to boost SME global trade

UK Export Finance (UKEF) has introduced measures to aid small businesses in expanding their international trade efforts as part of the government's Trade Strategy. Key initiatives include the Small Exporter Builder insurance product, offering risk management for overseas trading, and the Repeat Order Guarantee, allowing easier repeat purchases between international buyers and UK suppliers. These efforts align with the Department for Business and Trade's goal to simplify trade, particularly in identified growth sectors. Trade Minister Douglas Alexander emphasized the importance of this streamlined approach for enhancing national interests and supporting job creation.

"This new, hard-headed, data-driven and agile trade approach reflects our pragmatic patriotism. In a changed and challenging world, we must promote what we can and protect what we must to secure Britain's national interest."

"We're focused on delivering measurable impact for UK businesses, putting their needs at the core of what we do. Our updated insurance product and the new Repeat Order Guarantee will give more exporters the confidence and capacity to grow globally."

Read at Business Matters