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Trade Promotion

Question for Department for International Trade

UIN HL2463, tabled on 6 September 2021

To ask Her Majesty's Government what plans they have to streamline administration of support to the UK’s export scheme to help small firms access trade programmes more easily.

Answered on

13 September 2021

To make access to UK Export Finance (UKEF) support quicker and easier for firms, the General Export Facility is being delivered through leading high street lenders on a delegated basis, so that in many instances a guarantee can be granted automatically and with little waiting time. UKEF has also increased the amount that participating banks can administer automatically from £2 million to £5 million, allowing applications to be processed more quickly.