UK Export Finance, the UK’s export credit agency, has provided £6 billion in financing for UK SME exporters over the past 12 months. In UK Export Finance’s Annual Report and Accounts 2021-22 it was revealed that they provided £7.4 billion to UK businesses for the purpose of exports, with 81 per cent going to SMEs, totalling £6 billion.

As part of their support, UK Export Finance improved their small business offering by fully deploying the General Export Facility to support a wider range of SMEs, during which, they provided £180 million of support, 92 per cent of which went to SMEs.

For the year ahead, UK Export Finance has pledged to continue widening the availability of the General Export Facility with new delivery partners, as well as utilising the Export Finance Manager network to reach a greater number of SMEs.