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The Latest Breaking News from UKEF

Rachel Reeves says increase in lending capacity will help UK defence sector

The Chancellor said the move came on top of increased defence spending by the Government.

Evening Standard

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

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

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‘We’ve learned lessons’: the banker clearing up the £1.1bn fallout from the UK’s Covid loan scheme

British Business Bank chief Louis Taylor says he values roles that are ‘beyond the pure profit motive’

The Guardian - UK

Wood refutes oil and gas expansion criticism following green loan

Analysis of accounts suggests growth of fossil fuel-based divisions since £430m government-backed deal

Insider UK

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

Small business, big vision: nine tips for export success

From gaining new qualifications to securing finance, here are nine ways to help you sell goods and services internationally

The Guardian - UK

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Tory donor's transport firm set for £26 million in government-backed funding

INTERNATIONAL Trade Secretary Kemi Badenoch has announced that a firm owned by a Tory donor will receive £26 million in government-backed funding.

The National (Scotland)

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

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

UK seeks closer investment ties with Africa

Deeper economic links with the region are a key part of the Global Britain agenda, but the government has slashed its aid budget for the continent

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