The UK’s export credit agency ECGD is extending its existing short-term credit insurance product to cover a broader range of exports.
ECGD’s short term insurance has previously only been available for capital exports, making it of interest mainly to large exporters.
Many more British exporters, including SMEs, are now eligible to apply for short-term credit insurance from the UK export credit agency.
In the white paper entitled “Trade and Investment for Growth”, the UK government announced that this scheme would be extended to include finished manufactured and intermediate goods.
The contract value can be as low as £20,000.
The white paper also announced an additional three new ECGD initiatives to support exporters, particularly smaller companies, which are covered in detail here.