The London Forfaiting Company (LFC) has joined UK Export Finance’s bond support scheme, adding its name to a group of 20 banks and financial institutions which act as partners.

Under the scheme, UKEF provides a partial guarantee of up to 80% of the bond’s value to banks issuing a contract bond in support of UK exports, or indemnifying an overseas bank providing the bond.

“In 2014, LFC signed up to another UKEF scheme, its export working capital scheme, and we believe the bond support scheme is a further valuable addition to the facilities we can offer UK exporters. We look forward to continuing to work with UKEF to support the export financing requirements of our customers,” says LFC head of UK marketing Ian Lucas.

UKEF chief executive David Godfrey comments: “I am delighted that this agreement with London Forfaiting will enable more exporters to access our support. UK Export Finance has an important role to play in backing British exporters, working alongside our private sector partners to help make exports happen.”