uk export finance phill potter – export finance adviser entrepreneurship, innovation and growth -...
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UK Export FinancePhill Potter – Export Finance AdviserEntrepreneurship, Innovation and Growth - The Public, West Bromwich 15th March 2013
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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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