UK Export Finance doubles support for sustainable projects overseas to £2.4bn in 2020
Financing was provided for projects including offshore wind farms, solar farms and major transportation projects
Image: Shutterstock
UK Export Finance (UKEF) backed around £2.4 billion of sustainable projects overseas in 2020, doubling the amount it provided the year before.
It supported UK companies in helping bring new hospitals, clean energy, transportation and critical infrastructure to developing countries.
That includes more than £1.9 billion of financing for major transportation projects, including Egypt’s new electric monorail line and more than £120 million for major energy transformation projects including two offshore wind farms in Taiwan and two of Spain’s largest solar power plants.
UKEF support for sustainable projects doubles to £2.4bn in 2020
Government export agency says its provided record levels of sustainable investments to developing countries last year
UK Export Finance (UKEF) doubled its sustainable investments last year after providing £2.4bn of financial support to UK businesses delivering a range of projects that provided a positive social or environmental impact, the government announced today.
The export credit agency said it had chalked up record levels of sustainable investment in developing countries after spending more than £120m on major energy transformation initiatives, with key projects including two offshore wind farms in Taiwan and two of Spain s largest solar power plants, a £27m investment in a pioneering solar powered water sterilisation programme in Ghana, and more than £1.9bn on major transportation projects, including backing for a new electric monorail line in Egypt.
Record exports make advertising a great British success story
Newly released figures paint a picture of rude health for the UK’s advertising and marketing exports in 2019 – so how will the industry cope with the challenges posed by the pandemic?
The Advertising Association’s recently published UK Advertising Exports Report 2021 wasn’t short of headline figures. The report covered the latest data taken from 2019, when 7% year-on-year growth led the industry to a new record level of £11bn in international trade. That put UK exports of advertising and market research services in third place among comparable industries, behind insurance and pension services (at £20bn) and computer services (£12bn).
The Department for International Trade is hosting a virtual roadshow to help businesses across the UK identify new export and investment opportunities in the Latin America and Caribbean (LATAC) region. The LATAC Roadshow is being held between 1-4 Mar
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