Uk Export Finance
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Our General Export Facility (GEF) provides partial guarantees to banks to help UK exporters to gain access to trade finance facilities. Through GEF, we can support the following facility types, with maximum repayment terms of up to 5 years:
- cash facilities such as trade loans
- contingent obligation facilities such as bonding and letter of credit lines
GEF is able to support facilities valued up to around 25 million. For facilities with values over 25 million, contact your local Export Finance Manager as one of UKEFs other schemes may be suitable.
How it works
Benefits
The benefits of GEF for UK exporters include:
-
more flexibility the availability of UKEFs guarantee helps UK exporters to negotiate more flexible trade finance facilities with participating banks. In turn, these facilities can provide or unlock more working capital to support the growth of UK exporting businesses
-
greater certainty in contrast to some of UKEFs other schemes, with GEF UK exporters do not need to evidence any individual export contracts. Putting non-contract specific facilities in place will allow UK exporters to focus on their overall growth without worrying as to whether an export opportunity will be deemed supportable or not
-
improved accessibility UKEF has provided delegated authority to participating banks of up to 10 million per UK exporter. Whenever an application for GEF support meets certain criteria, UKEFs guarantee will be automatically granted to the participating bank which therefore minimises application response times. The general nature of GEF will also appeal to exporters who do not routinely enter into large, single export contracts
Eligibility criteria
In order to access the scheme, you must satisfy the banks and UKEFs criteria. One of the key requirements is that the exporter must be able to declare:
- in any one of the last three financial years, at least 20% of their annual turnover has been made up of UK export sales
Or:
- in each of the last three financial years, at least 5% of their annual turnover has been made up of UK export sales
Additionally, the exporter must be able to declare:
- they have premises in the UK
- they have employees in the UK
- they pay UK or Isle of Man/Channel Islands National Insurance Contributions or Corporation Tax
- they manufacture goods, deliver services or produce intangibles from the UK, which would (if required) qualify for a UK Chambers of Commerce Certificate of Origin
And/or:
- they do not solely engage in the supply of goods that have been manufactured outside of the UK or services where the person contracted to perform the services ordinarily carries on business outside the UK
Find out more about the criteria UKEF uses to assess eligibility for the General Export Facility if your organisation is involved in the fossil fuel sector and is looking to transition into clean energy.
UKEF guarantee fee
The guaranteed bank pays UKEF a guarantee fee. This fee is a proportion of the interest margin paid by the UK exporter to the bank for providing the facility.
How to apply
To access GEF, exporters should discuss their potential application with their bank or another lender. There are currently nine participating lenders:
- ABN AMRO
- Barclays Bank plc
- Danske Bank
- DNB (UK) Limited
- HSBC UK Bank Plc
- KBC Bank NV, London Branch
- Lloyds Banking Group/Bank of Scotland plc
- Newable Business Loans Limited
- The Royal Bank of Scotland plc /National Westminster Bank plc /Ulster Bank
- Santander UK plc
- Virgin Money
UKEF is keen to expand the range of its partners.
To find out more about our General Export Facility or to discuss eligibility for our support, contact our customer services team.
Contact customer.service@ukexportfinance.gov.uk or call +44 (0)20 7271 8010.
Contact details for approved lenders
Contact your bank for further guidance.
Lender | Contact | Telephone | |
---|---|---|---|
ABN AMRO | Liam Joliff | N/A | liam.jolliff@uk.abnamro.com |
Barclays UK | Paul Bowman | N/A | paul.bowman3@barclays.com |
Barclays International | Sandeep Grewal | N/A | sandeep.grewal@barclays.com |
Danske Bank | Bernie Kerr | 07740638480 | bernadette.kerr@danskebank.co.uk |
HSBC UK Bank Plc | Liz Ambler (London and South East) | N/A | elizabethambler@hsbc.com |
Matt Osborn (Midlands, South West and Wales) | N/A | matt.j.osborn@hsbc.com | |
Barry Millar (North, including Scotland and Northern Ireland) | N/A | barry.millar@hsbc.com | |
KBC Bank NV, London Branch | Owen Long (Corporate Banking) | N/A | owen.long@kbc.be |
Richard Whitehead (Corporate Banking) | N/A | richard.whitehead@kbc.be | |
Lloyds Banking Group/Bank of Scotland Plc | Trade Finance | N/A | TradeFinance@lloydsbanking.com |
National Westminster Bank Plc | Chris Duggan, SolutionsLine Team | 0800 2100235 | internationalbanking@natwest.com |
Newable Business Loans Limited | Customer Success Team | 0333 055 0459 | support@newable.awsapps.com |
The Royal Bank of Scotland Plc | Chris Duggan, SolutionsLine Team | 0800 2100235 | internationalbanking@rbs.co.uk |
Santander UK Plc | Trade and Supplier Finance | N/A | tradeandsupplierfinanceproduct@santander.co.uk |
Virgin Money | Simon Hayden, Trade Finance Manager | 07831 318295 | simon.hayden@cybg.com |
Becoming an approved lender
UKEF is looking to expand the range of approved lenders operating GEF. Although this guarantee scheme is well-suited to supporting trade finance facilities, the flexibil