UKEF launches £50 billion defence export fund to back British defence industry

Defence Spending Vital To Economy - British Chambers of Commerce

Reacting to the release of the Defence Investment Plan, Kate Shoesmith, Director of Policy at the British Chambers of Commerce, said:   “The release of this spending plan is long overdue. Businesses have been patiently waiting to get a better understanding of the government’s priorities and how these dovetail with long-term procurement and supply chain resilience policies.   “National security and economic security must go hand in hand. Boosting…

UKEF bets £50bn on British defence in biggest expansion of its 100-year history

UK Export Finance has fired the largest single shot in its century-long history, setting aside a fresh £50 billion to bankroll British defence exports at a moment when the world is rearming faster than at any time since the Cold War. The new Defence Export Fund takes the government’s export credit agency from an £80 billion ceiling to a total capacity of £130 billion, with the additional £50 billion ring-fenced to support large-scale defence sal…

UKEF launches £50 billion defence export fund to back British defence industry

New export fund to enable UK defence companies of all sizes to compete for major international contracts.   New £50 billion allocation of loans and guarantees will support British defence businesses to compete and grow in a rapidly expanding global market.