Clearview Midlands January 2014 - Issue 146 | Page 72

BUSINESSNEWS

BOOST FOR EXPORTERS AND
BANKS AS UK EXPORT FINANCE
INCREASES RISK UNDERWRITTEN
The news that UK Export
Finance will increase the risk it
underwrites from 50% to 80%
across its Bond Support and
Export Working Capital schemes,
will enable banks to assist more
exporters seeking to maximise
opportunities in international
trade.
At a breakfast event at
the Institute of Directors,

representatives from a wide range
of banking organisations reacted
positively to a raft of developments
outlined by David Godfrey, Chief
Executive of UK Export Finance,
which supports small and mediumsized enterprises (SMEs) and
mid-market exporters by sharing
financial risks that the private sector
is unable to shoulder alone.
Since 2011, UK Export Finance,

the UK’s e