Businesses Not Accessing Available Export Funding

According to BExA, The British Exporters Association demand for Government export finance products fell by £600 million over the past financial year. Use ofthe Government’s credit support package for exporters fell from £2.9 billion to £2.3 billion.

In addition, targeted support for small and medium-sized exporters, including working capital and foreign exchange support, has been used by just 18 firms.

Hugh Bailey of BExA said UK Export Finance “has not been as agile” as equivalent schemes in other countries in providing credit facilities for exporters.

More information on export finance martin.parry@mgba.co.uk

http://www.mgba.co.uk

British Exporters Association

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