UK Export Finance Phill Potter – Export Finance Adviser Entrepreneurship, Innovation and Growth - The Public, West Bromwich 15 th March 2013 Version 1.0.

UK Export FinancePhill Potter – Export Finance AdviserEntrepreneurship, Innovation and Growth - The Public, West Bromwich 15th March 2013

Version 1.0

Principal schemes

Export Working Capital Scheme

• Specific Contract

• 50% guarantee of facility (max 75% of contract value)

• Maximum 2 year terms

Bond Support Scheme

• Specific Contract

• 80% Advance Payment Guarantee

• 50% Performance bonds

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Principal schemes

Export Insurance Policy

• Specific Contract

• Not for EU or OECD buyers (unless risk horizon > 2 years)

• 95% contract value

• Minimum cover value £10,000

Letter of Credit Guarantee Scheme

• Support confirmation up to 90% value Letter of Credit

• Not for EU or OECD risk

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Key points

• Bank based schemes: no cost to exporter

• No security required by UK Export Finance

• Talk to us early in the contract process

• Export Finance Adviser available to support exporter and bank/broker

• Guidance on all aspects of export finance

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Support so far

• Launched April 2011

• First 2 years supported 89 exporters contract value £705m

• Last 9 months 54 exporters and £510m of contracts supported

• £149m of approved contracts for 29 exporters with £150m under discussion

• 48 contracts under Bond Support, 49 insurance contracts and 8 working capital

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Contact us

Phill Potter

07866 480996 [email protected]

Customer Helpline:

www.ukexportfinance.gov.uk

020 7512 7887

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