UK Government helps IT company break into Africa with £900k UKEF support
UKEF’s guarantee has given a boost to exporting ambitions of a Stockport-based technology company.
Source: gov.uk
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SOMEVAM invests in second CDE silica sand wash plant
SOMEVAM invests in second CDE silica sand wash plant SOMEVAM, a subsidiary of the Tunisian Sebri Group, an independent, family owned and operated group with interests in agriculture, food processing and quarrying, has announced plans for a significant investment in the development of its second CDE wet processing solution for the production of high-specification silica sand products. With authorisation from the Central Bank of Tunisia, funding for this investment was secured with the support of UK Export Finance, AF Capital, Apple Bank, and supported by British Embassy Tunis. Sebri Group will...
Source: hub-4.com
UKEF revamps buyer finance support to tap alternative financiers for SME exports
UK Export Finance (UKEF) has overhauled its supplier credit facility programme to make its support more accessible to the large proportion of SME trade that is financed by non-bank lenders. Launched this week, the British export credit agency’s new standard buyer loan guarantee (SBLG) allows it to guarantee a loan of up to 85% of a UK company’s export contract value, enabling British exporters to get paid upfront while their overseas buyers can repay the loan from their lender over a longer period. The SBLG’s predecessor facility was only available to financiers who had entered into an ...
Source: gtreview.com