Source · Select Committees · Public Accounts Committee
Recommendation 20
20
UKEF said that from next month (October 2020), it will introduce a general working capital...
Conclusion
UKEF said that from next month (October 2020), it will introduce a general working capital facility, which will be more usable for smaller exporters. It will enable them to go to their bank and get UKEF support for their total export working capital requirements rather than linking this support to a specific export contract. UKEF hopes that this more flexible product will be a real driver of the number of small businesses that benefit from its support.47