Help for your export business

  • by Carole Jordan
  • 12 Jan, 2018
help for your export business brighton Accountants and consultants businessheads
Now, more than ever, exporting across the world offers an opportunity not seen for many decades. 

If you want to grow your exports then the government want to help you on your way with Finance, Insurance and opportunities to meet potential customers. Yippee!

What exporting opportunities are there for UK businesses?

But before we get too excited, what exactly is on offer?

The Department For International Trade encourages UK businesses to export, and overseas businesses to invest in the UK. Within this are two departments specifically created to support UK companies export.

UK Trade & Investment (UKTI)

This department lists export opportunities and this is where you should start if you want to begin to export or grow your existing export business. It provides an online assessment of your current position, offers a promotional profile on the great.gov.uk website and advice on how to research and plan for international growth in your sector. 

They also organise seminars and trade missions to meet potential new customers. 

UK Export Finance (UKEF) provides a free service to exporters to help them;

Win export contracts through their International Business Development Team with supportive finance for your opportunities and consult their regional independent Export Finance Managers who provide advice on the range of finance available and can assess you for government trade finance.  

UKEF can provide support under its Export Working Capital Scheme , by providing a company’s bank with a guarantee to allow it to make a working capital loan to the company. It can also guarantee bonds through its Bond Support Scheme, allowing banks to issue advance payment, warranty and other contract bonds on behalf of exporters and their suppliers with a substantially decreased cash deposit requirement. 

Managing payment risks is important when dealing with overseas buyers not subject to British law. And UKEF can provide Export Insurance where commercial insurance is not prepared to go, whether it be for political or financial reasons. 

They can also provide Export Credits where overseas buyers by providing guarantees for buyers or financing directly this security can help secure the sale to those customers and facilities for overseas customers to buy in their local currency.


To get going and growing your exports see the UKTI website

See here for export finance and insurance (UKEF)   

And for more general help on accessing government support for your small business contact our local Business Navigator service from Coast to Capital Local Enterprise Partnership . You can even take part in Entrepreneurial Spark's free session with the Department for International Trade on February 1st - You Can: Start selling on e-Marketplaces now .

For more information on business exports see our other blogs...

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