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Published byHugo Paul Modified over 9 years ago
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UK Export Finance Phill Potter – Export Finance Adviser Entrepreneurship, Innovation and Growth - The Public, West Bromwich 15 th March 2013 Version 1.0
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Principal schemes Export Working Capital Scheme Specific Contract 50% guarantee of facility (max 75% of contract value) Maximum 2 year terms Bond Support Scheme Specific Contract 80% Advance Payment Guarantee 50% Performance bonds 2
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Principal schemes Export Insurance Policy Specific Contract Not for EU or OECD buyers (unless risk horizon > 2 years) 95% contract value Minimum cover value £10,000 Letter of Credit Guarantee Scheme Support confirmation up to 90% value Letter of Credit Not for EU or OECD risk 3
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Key points Bank based schemes: no cost to exporter No security required by UK Export Finance Talk to us early in the contract process Export Finance Adviser available to support exporter and bank/broker Guidance on all aspects of export finance 4
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Support so far Launched April 2011 First 2 years supported 89 exporters contract value £705m Last 9 months 54 exporters and £510m of contracts supported £149m of approved contracts for 29 exporters with £150m under discussion 48 contracts under Bond Support, 49 insurance contracts and 8 working capital 5
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Contact us Phill Potter 07866 480996 p.potter@uktiwm.co.uk Customer Helpline : www.ukexportfinance.gov.uk 020 7512 7887 6
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