STORY
UK Export Finance provided more than £11 billion in new financing during the past year, supporting contracts in 37 countries, according to the Government. The department estimated that the activity supported up to 85,000 jobs across the United Kingdom.
The financing was also estimated to have supported up to £6.4 billion in national economic output. Assistance was directed towards sectors including advanced manufacturing, defence, sustainable energy and critical minerals.
UK Export Finance provides loans, guarantees and insurance where viable export deals cannot secure sufficient private finance. Ministers said the results demonstrated the role of exports in the Government’s growth and industrial strategy.