Many more British exporters, including many SMEs, are now eligible to apply for short term credit insurance from Export Credits Guarantee Department (ECGD), the UK export credit agency.
ECGD’s short term insurance has previously only been available for capital exports, making it of interest mainly to large exporters.
In the white paper Trade and Investment for Growth the Government announced that this would be extended to include finished manufactures and intermediate goods. The contract value can be as low as £20,000.
Exporters who want to know more about this new support from ECGD should call the ECGD customer helpline on 020 7271 8010 or read the guide to export insurance.