UKEF Private Sector Ties to Boost UK Exports
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Dr Liam Fox announces UK Export Finance initiatives to boost UK exports through deals with Atkins International and Dubai World Trade Centre
The UK’s export credit agency and Atkins International, a world leader in international project management and engineering projects, have agreed to work together to grow the company’s UK supply chain and boost UK exports.
Under the partnership, UK Export Finance (UKEF) and Atkins will identify and promote opportunities for UK infrastructure and engineering suppliers on Atkins’ projects backed by UKEF financing. This will help UK companies secure business across more than 15 international markets, boosting their export sales and revenue.
The announcement was made today by International Trade Secretary, Dr Liam Fox MP, at the government’s first UK Trade and Export Finance Forum, hosted by UKEF and the Department for International Trade (DIT).
Dr Fox said:
The UK’s reputation for high-quality manufacturing and highly-skilled construction is renowned the world over. This government, through UK Export Finance, is taking a proactive approach to bringing business to the UK, with wide-reaching benefits for both individual UK businesses and the UK export economy as a whole. In UK Export Finance, the UK’s export community truly has a world-class export credit agency.
After Dr Fox’s speech, Baroness Fairhead, Minister of State for Trade and Export Promotion, delivered an address on her ambitions for UK exporters. Her speech highlighted government support that is available for businesses that want to start exporting today and the government’s forthcoming Export Strategy.
This year UKEF has increased – and in many cases, doubled – its financial capacity to support exports to over 100 markets around the world, as the UK seeks to enforce its position as a leading player in the global market, and make world-leading UK expertise, products and services accessible to buyers around the world.
In 2017, UKEF was awarded ‘best export credit agency’ by Global Trade Review and Trade Finance magazines.