Export Finance for Manufacturers
Exporting manufactured goods involves longer payment cycles and buyer risk compared to domestic sales. Export finance provides the working capital to fulfil export orders and the credit insurance to protect against non-payment by overseas buyers.
UK Export Finance (UKEF), the government's export credit agency, provides guarantees and insurance that make it easier and cheaper for manufacturers to access export funding. UKEF support can cover up to 80% of the buyer default risk.
Key Benefits
- Fund production costs for export orders before payment
- UKEF guarantees reduce lender risk and improve terms
- Protect against overseas buyer default with credit insurance
- Multi-currency facilities for major export markets
Frequently Asked Questions
What is UKEF and how does it help?
UK Export Finance is the government's export credit agency. It provides guarantees to your bank (reducing their risk), direct loans to overseas buyers (so they can afford your goods), and insurance against non-payment. UKEF support is free for exporters to explore.
Can UKEF help me win export orders?
Yes. If you offer your overseas buyer UKEF-backed payment terms (e.g. extended credit), this can make your bid more competitive against international competitors who may not have equivalent government support.
What documentation is needed?
Export orders/contracts, proforma invoices, shipping terms (Incoterms), country risk assessment, and buyer credit information. UKEF and your lender will guide you through their specific requirements.
Which countries are covered?
UKEF covers exports to most countries worldwide (200+). Country risk ratings affect the terms and availability of cover. High-risk countries may require additional security or have limited cover.
Related Funding Options
Trade Finance for Manufacturers
Fund raw material and component purchases from overseas suppliers. Trade finance for UK manufacturing businesses.
Invoice Finance for Manufacturers
Release cash from trade invoices to fund raw materials, production, and growth. Invoice finance designed for UK manufacturing businesses.
Unsecured Business Loans for Manufacturers
Working capital and growth funding for UK manufacturers. No property security needed. Fund raw materials, hiring, and expansion.
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Learn About Our Broker NetworkCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.