Mike Freer has highlighted the opportunities created for businesses by UK’s new free trade agreement and set out his plan to harness UK Export Finance’s £50 billion capacity.
The first UK non-bank lender Newable was accredited to UKEF’s General Export Facility to boost options for small businesses and UKEF has signed a new partnership with General Electric to support industries of the future, boosting renewable job growth across the UK.
The Minister for Exports announced British businesses must harness the opportunities created by the trade deals the UK has signed with 70 countries plus the EU as he set out his plan to use UK Export Finance’s (UKEF) £50 billion of financial capacity to stimulate UK trade.
This is a vital part of the UK’s new ‘Made in the UK, Sold to the World’ strategy to set the course for an export target of £1 trillion worth of UK goods sold overseas, seizing the opportunities presented by an expected quadrupling in global trade by 2050.