Also in the news...
Specification of requirements and grant funding agreements for exhibitors in Great Britain and Northern Ireland.
A free trade deal between the UK and India could bring huge benefits for Scotch whisky producers, as the UK Government looks to cut tariffs of up to 150%.
Information on key security and political risks which UK businesses may face when operating in Belgium.
Use this guide as a supplement when using the CHIEF and CDS trade tariffs to import and export goods to and from Great Britain (England, Scotland and Wales) after the end of the transition period.
Find out how inland pre-clearance checks affect you and what you need to do when we carry out checks on your goods.
UKEF signs flagship green partnership to boost renewable exports
UK Export Finance has launched a new partnership with Offshore Renewable Energy (ORE) Catapult to promote the expertise of UK offshore wind companies abroad.
UK Export Finance ( UKEF) has today (June 15) on Global Wind Day signed a memorandum of understanding (MoU) with ORE Catapult that will help bring global trading opportunities to UK suppliers and propel UK renewables exports.
The UK is the world’s biggest offshore wind market with 10.4GW of total installed capacity, and the UK government is helping UK companies export the country’s expertise to new, emerging markets.
ORE Catapult, which operates its National Renewable Energy Centre in the North East is a leading innovation centre for offshore renewable energy with expertise in accelerating offshore wind technologies and supporting clean growth. It develops new technologies to reduce the cost of offshore wind to help UK companies become more competitive.
As part of this cooperation agreement, ORE Catapult and UKEF will raise awareness of support that can be provided to assist UK businesses in the renewable energy sector. UKEF has also trained ORE Catapult employees to highlight the financial support UKEF can offer to benefit green SMEs. This training will enable ORE Catapult to raise awareness of the services UKEF offer to nearly 300 SMEsin the renewable energy sector they support.
To support the UK’s plan for a Green Industrial Revolution UKEF is heavily focused on supporting green projects and can offer them favourable repayment terms. It also has in place a £2 billion direct lending facility dedicated to financing clean growth projects and an international network of trade finance experts focused on supporting UK renewable energy businesses.
Richard Simon-Lewis UKEF Director & Head of Business Development, Marketing & Communications, said:
There is a strong pipeline of new opportunities in the renewable energy sector as economies adopt clean energy pathways where UKEF can offer their expertise. We are uniquely placed to support the government’s ambition to grow clean energy as outlined in the recent 10 Point Plan and this agreement will help us tap into that potential on a more granular, regional basis and increase new business in cooperation with ORE Catapult.