As part of the government’s growth strategy and to counter the current instability in trade, the Chancellor of the Exchequer, via the Treasury, has announced additional support for UK businesses.
British businesses across the country will be able to access to new support through a multi-billion-pound increase in government-backed financing as the world enters a new era of global trade.
The new package will give UK Export Finance (UKEF) the power to expand financing support for British businesses by £20 billion, with small businesses also able to access loans of up to £2 million through the British Business Bank’s Growth Guarantee Scheme.
For more information, please see the attached website.
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