Also in the news...
New plans revealed to save small firms £22,000 a year and improve access to cash
New Fair Payments and Disability Finance Codes launched to support SMEs
UK support to Ukraine: factsheet
This factsheet summarises how the UK is supporting Ukraine following the Russian invasion.
Avoiding Scheduling Conflicts: Tips for Better Leave Coordination
Effective leave coordination is essential for any workplace. Balancing staff time off with operational needs ensures businesses run smoothly while employees enjoy their well-deserved breaks. However, without proper planning, scheduling conflicts can lead to disruption, reduced productivity, and even strained relationships among colleagues.
Compensation if you're a victim of crime abroad
You may be able to apply for compensation if you’re a UK resident and have been injured because of a violent crime in another country.
Iceland Foreign travel advice
Warnings and insurance Still current at: 21 November 2024 Updated: 21 November 2024 Latest update: Updated information on driving conditions and extreme weather ('Safety and security' page).
Direct Lending Scheme launched to support UK exporters
A new lending scheme will help overseas buyers purchase the goods of UK exporters.
The Direct Lending Scheme has been developed by UK Export Finance, the Government’s export credit agency. It will support exports where buyers need loans of up to £50 million to finance the purchase of capital and semi-capital goods and services from UK exporters, but have been unsuccessful in obtaining an export credit loan from the banks.
The new demand led lending scheme will mean more foreign buyers can access support to buy products from UK exporters.
The Chancellor announced the £1.5 billion Direct Lending Scheme in the Autumn Statement last year. This is the first time in UKEF’s history it will be able to offer this type of support.
Lord Green, Minister for Trade and Investment said:
Exports play a vital role in rebalancing our economy, and where the customers of British exporters are having difficulties securing export finance from other sources, UK Export Finance can now assist by providing loans through the Direct Lending Scheme.
Under the Scheme, UK Export Finance will provide an export credit loan directly to an overseas buyer or borrower. It will directly negotiate the terms and conditions of the loan, disburse funds against the manufacture and supply of the goods and services under the respective export contract and manage the repayment of the loan.
gov.uk