An increasing number of UK manufacturing and industrial companies including Rolls-Royce and the UK's two largest airlines have recently turned to UK Export Finance (UKEF), the UK government’s export credit agency for trade finance and insurance, to provide guarantees to assist with accessing commercial loans.
In this article, Jhanavi Ramachandran, Rex Rosales and Robert Moore look at the Export Development Guarantee (EDG) scheme. For those UK companies which meet the necessary export criteria, the EDG provides a welcome new avenue to strengthen balance sheets and access liquidity.
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2021