(UKEF, London, 27 February 2025) Scottish businesses have secured £42 million from UKEF since July, boosting economic growth and job creation. Companies like Ferguson Whisky and Emergency One are expanding into global markets. Aberdeen-based First Tech also received £12 million to grow its...
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(The Diplomat, Arlington, 5 December) The U.S. Treasury Department’s decision to slap sanctions on Gazprombank poses a potential major headache for Uzbekistan’s burgeoning mining industry, which until now has relied on the Russian lender to finance a $4.8 billion mine expansion set to nearly...
more(JD Supra, Sausalito, 5 November 2024) The Minerals Security Partnership Finance Network (MSPFN), a joint financing body, was announced by the United States, the European Commission, the United Kingdom, Canada, Japan, Australia, and nine other nations on 23 September 2024 at the United Nations...
more(New Civil Engineer, London, 19 November 2024) UKEF has launched a new product aimed at aiding British companies in securing international contracts. The Early Project Services Guarantee (EPSG) is the latest initiative to support firms offering engineering, design and technical services on a...
more(Philadelphia Tribune, 22 November 2024) The EU, U.S. and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves into the White House. Negotiators are working toward...
more(Financial Times, London, 7 November 2024) Britain has agreed a £4bn air defence deal with Poland, the largest-ever export contract between the two countries, in the wake of Russia’s invasion of Ukraine. The UK will equip Polish forces with a ground-based air defence system capable of...
more(Innovation News, London, 31 October 2024) UK Export Finance (UKEF), the government’s export credit agency, will offer financial support for overseas projects to source critical minerals. Securing contracts that increase the UK’s ability to source critical minerals will help the UK build...
more(Friends of the Earth, Merrifield, 4 October 2024) Fossil fuel companies continue to be propped up by the government in the form of public financing like US EXIM. Often, these tax dollars are funding overseas fossil fuel projects wreaking havoc on our environment and local communities in places...
more(BNN Bloomberg, Toronto, 7 September 2024) The UK has stepped up business in French-speaking West and Central Africa as it seeks new frontiers for its exports. UKEF was backing transactions in francophone Africa worth a cumulative £1 billion ($1.3 billion) at the end of the 2023-4 financial...
more(Bloomberg, New York, 12 September 2024) The US Export-Import Bank is considering funding a liquefied natural gas project led by Eni SpA off the coast of Mozambique, years after investing in an onshore facility to produce the fuel that’s been delayed by security issues and opposed by...
more(Splash 247, Singapore, 17 September 2024) Harland & Wolff, the owner of the Belfast shipyard that built the Titanic, has announced that it will be entering into administration this week after failing to find new funding following the UKEF rejection of the company’s request for a £200m...
more(Journal of Commerce, London, 26 September 2024) Cuba and Britain have agreed to reschedule $27.7 million of short-term debt owed by the communist-ruled island, opening the way for London to resume medium-term export credit cover to Havana.Britain's government-funded Export Credit Guarantee...
more(UK Government, London, 8 August 2024) UK Export Finance (UKEF) and KUKE, the UK and Polish export credit agencies, have guaranteed a €249 million loan being arranged by Standard Chartered Bank for Turkish renewable energy investment company Kalyon Enerji, enabling the construction of Turkey’s...
more(Insider Media, Manchester, 1 August 2024) Businesses across the UK benefited from £8.8bn of funding support underwritten by UK Export Finance (UKEF) in the 2023/24 financial year. As the UK government’s export credit agency, UKEF provides loans, guarantees and insurance to help businesses sell...
more(Khmer Times, Phnom Penh, 7 August 2024) The UK Export Finance (UKEF), a United Kingdom government ministerial department and the nation’s export credit agency, Tuesday expressed the willingness to finance Cambodia’s infrastructure projects and public services to attract investment from the...
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