20
UKEF said that from next month (October 2020), it will introduce a general working capital...
Conclusion
UKEF said that from next month (October 2020), it will introduce a general working capital facility, which will be more usable for smaller exporters. It will enable them to go to their bank and get UKEF support for their total export working capital requirements rather than linking this support to a specific export contract. UKEF hopes that this more flexible product will be a real driver of the number of small businesses that benefit from its support.47
Government Response
A response document is linked to this report, dated 4 February 2021. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
Twenty-First Report - Government support for UK exporters
28 Oct 2020
HC 679
Addressee Bodies
HM Treasury
Timeline
Recommendation age
5.9 yrs
Report published
28 Oct 2020