Exporters’ association publishes benchmarking of UK export finance

“BExA asks Government to take advantage of the unique opportunity to drive export growth presented by Brexit and to deliver to UK exporters the Government support required to promote exports…”

The British Exporters Association (BExA) has published its 7th annual benchmarking report of UK export finance entitled ‘Driving Export Growth in Uncertain Times’.
Its benchmarking analysis follows on closely from BExA’s Brexit Manifesto and identifies a number of key areas of Government support which require coordinated delivery through UKEF, DIT, DEEU, DfID, FCO and the British Business Bank using “all the levers of Government”.
It focuses on:
• Cohesive Government strategy for Brexit – ensuring UK exporters’ needs are realised under the new trade agreements that will be required for trading with the EU and other export destinations.
• Support to small and medium sized companies
• UKEF accessibility, flexibility and resourcing
• UKEF medium term financing support
BExA says it believes that Brexit provides Government with a once in a lifetime opportunity to lay new foundations for UK export growth. Several departments will have a role to play and those departments engaging with exporters need to be co-ordinated and focussed on utilising this opportunity to achieve the objectives of the National Export Challenge.
UKEF will play an important part in supporting export growth and BExA says it’s pleased that UKEF has demonstrated continued appetite for improvement and development. It says UKEF should be proud that it is now one of the world’s most well regarded Export Credit Agencies. BExA also says itlooks forward to continuing its work with UKEF to ensure its product range is as useful and accessible as possible for UK exporters.
BExA’s co chairman, Marcus Dolman, said: “BExA asks Government to take advantage of the unique opportunity to drive export growth presented by Brexit and to deliver to UK exporters the Government support required to promote exports. UKEF have embraced a culture of continuous improvement and BExA calls on the rest of Government to follow their lead and make UK exports great once more.”
Download the full paper here.
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Hannah Hamilton, who is a former Fife College student, is a reporter and assistant content editor for Scotland B2B, specialising in B2B news and features. She can be contacted via editorial@scotlandb2b-eastcoast.co.uk