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The Latest Breaking News from UK Export Finance

Key mineral importers to get more cash help at the Budget

Rachel Reeves is expected to use her Budget on October 30 to announce companies bringing critical minerals will get access to UK Export Finance.

Evening Standard

Union warns of threat to Harland & Wolff jobs if Treasury vetoes £200m support

GMB says historic shipyard’s workers are concerned by reports that chancellor could withhold vital export credit guarantee

The Guardian - UK

UK gives £600m backing to Jim Ratcliffe’s ‘carbon bomb’ petrochemical plant

Campaigners say Ineos project in Antwerp will turbocharge plastic production on a scale not seen before in Europe

The Guardian - UK

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UK Exporters To Benefit From UK Export Finance Backing of Six Flags Qiddiya City Deal

UK Export Finance has announced its first Islamic Murabaha financing in Saudi Arabia with the Six Flags Qiddiya City deal which will help UK exporters and suppliers to build the theme park.

International Business Times UK

UK Government backs €781m loan for railway - in TURKEY

THE UK Government has backed a multi-million-pound loan to deliver a new railway line – in Turkey.

The National (Scotland)

Wrightbus secures £50M of government-backed funding to boost exports

It will target new markets in Germany and the US and grow its presence in Singapore and Hong Kong

Birmingham Post

UK firm given £430m green transition loan then expanded oil and gas business

Exclusive: Wood Group boosts fossil fuel business and shrinks renewables work after getting government-backed loan

The Guardian - UK

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UK’s export support agency stops investing in new fossil fuel projects

Campaigners cautiously welcomed the move but said there was more to do

The Independent UK

New chief executive of the British Business Bank revealed

Louis Taylor will succeed Catherine Lewis La Torre in October

Birmingham Post

Britain hands billions to projects linked to labour abuse and climate damage

UK Export Finance used £5.24bn of taxpayer money to fund overseas energy and infrastructure ventures – despite its own review raising concerns

The Guardian - UK

Denholm Seafoods boosts exports with eight-figure funding package

Money from HSBC and UK Export Finance should help with international expansion

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