UK Export Finance (UKEF) announces today at its annual conference that it is introducing more flexible, fast-track financing for small businesses – making it easier than ever for UK firms to sell in international markets.
The export credit agency has expanded its ‘auto-inclusion’ scheme which provides fast-track access to trade finance products like the General Export Facility. This means that small businesses can now access more government-backed credit more quickly without manual intervention from UKEF.
The maximum support which UKEF can offer under auto-inclusion has doubled from £5m to £10m, meaning that UK exporters can access more support with a simple request through a participating bank.
This is a boost for small businesses, which have already unlocked over £280m in financing through the fast-track scheme since it was unveiled in 2021.
