UK Export Finance (UKEF), the government’s export credit agency, has announced a new £50 billion Defence Export Fund. This increases UKEF’s total capacity to £130 billion, with £50 billion of new support on top of its existing £80 billion limit, the largest expansion to UKEF’s financial support in its 100-year history. It will be used to support large-scale UK defence exports and strengthen Britain’s competitiveness in a rapidly growing global market. This allocation will support British defence companies of all sizes, those that already export or are looking to expand internationally. This support will provide them with what they need to compete for…
