Global Trade Alert
Global Trade Alert

UK: Introduction of the Export Refinancing Facility

Announcement

30 Apr 2014

In April 2014, the British government announced a change in its trade finance instruments.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

30 Apr 2014

Revocation date:

No revocation date

Trade finance In force

On 30 April 2014, the UK government launched its Export Refinancing Facility (ERF) with a volume of GBP 5 billion and the aim to allow UK exporters to provide favourable financing conditions to overse...

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Local content incentive In force

According to a media report (cf. Sources), UKEF provides loans under the condition that at least 25% of the loan is targeted to support British jobs.

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