Could any of your clients benefit from expanding into, or increasing their sales in, overseas markets?
All over the UK, businesses are selling their services and products to customers around the world; yet there are still hundreds of firms that could export but don’t, or could export more. Could any of your clients benefit from expanding into, or increasing their sales in, overseas markets?
UK companies have a proud history of doing business overseas, and we certainly punch above our exporting weight compared to much of the rest of the world. However, we are also punching well below our potential.
Companies that export are more profitable, create more jobs and are more productive and yet there are still businesses across the UK, including I imagine many of your clients, that are not taking full advantage of these opportunities. Why is that? There are many potential factors, but one is almost certainly lack of available finance and insurance to support their international activities.
Even if companies have a great idea or product, they may find that they lack the working capital to take on a big export contract or would find their cashflow restricted were they to take one on, meaning that they might have to turn away other business. Or they might not be willing to take on the risks of selling overseas.
You can help your clients overcome these challenges and find success overseas by directing them to UK Export Finance (UKEF).
What is UKEF?
UKEF is the UK’s export credit agency and a government department, and our mission is to ensure that no viable UK export fails for lack of finance or insurance from the private sector.
We help companies of all sizes and from all sectors through a network of export finance managers across the UK who work with companies to check if they are getting the right export finance support and to help them bridge any gaps.
How can we help you and your clients?
By guiding your clients towards the wide range of support that UKEF can offer, you can help support their business growth and cultivate a stronger relationship with them. UKEF can help your clients:
win export contracts by providing attractive financing terms
fulfil orders by supporting working capital loans or contract bonds