Page 3 - Development Guarantee News Today

Mace has secured two sustainability-linked loans worth a combined £60m to support its overseas growth and environmental projects – one of the biggest

Find out about our Export Development Guarantee: its benefits, eligibility criteria and how to apply.

UK Export Finance to cover 80 per cent of £625million JLR loan from 12 commercial banks

Government continues to ramp up financial support for UK's electric vehicle supply chain with new multi-million pound loan-guarantee deal

Mike Freer will highlight the opportunities created for businesses by UK’s new free trade agreements Minister will set out his plan to harness UK

Exports Minister, Mike Freer, delivers keynote speech at the UK Trade and Export Finance Forum

Greensill Banks office in Bremen Credit: Markus Hibbeler /Bloomberg  Bloomberg reports prosecutors are raiding the offices of Greensill bank, the lender that collapsed recently with billions of debts. The homes of five suspects in Bremen were also raided by prosecutors investigating accounting irregularities, the publication said. Bloomberg has the details:   Searches in the bank’s offices started last week and are continuing, said Frank Passade, a spokesman for prosecutors. I...

Taxpayers underwrite £600m loan to Nissan UK Export Finance guarantees bank loan to support Sunderland plant as it plunges to £544m annual loss 21 April 2021 • 11:58am Nissan’s giant Sunderland plant has been given almost £500m of taxpayer backing after the company’s British manufacturing arm reported a huge annual loss as output plunged because of lockdowns. Accounts filed with Companies House show Nissan Motor Manufacturing UK agreed a £600m, five-year loan with a syndicate of banks...

Analysis On 31-Dec-2020 IAG announced that its subsidiary British Airways had received commitments for a GBP 2 billion five-year term loan facility underwritten by a syndicate of banks. On 8-Jan-2021 easyJet announced a GBP1.4 billion five year facility, also underwritten by a syndicate of banks. The unusual feature in both loans is that they are partially guaranteed by UK Export Finance (UKEF), an arm of the UK government. Such loan guarantees to UK exporters mark a strategic shift for the UKs...