UK Export Finance will be making their credit insurance easier for businesses to apply

This is great news as businesses can apply online for government export insurance.

Businesses in the UK applying for the goverment-backed export insurance will be able to access the new online portal available on the GOV.UK.

This is great news as businesses can apply online for the government export insurance without completing a PDF form, this will create a great opportunity for international trading opportunities.

With the assurance of not having to worry about nonpayment, hundreds of exporters have been able to deliver high-value export contracts thanks to UKEF's export insurance product.

This is good news for small and medium-sized businesses (SMEs), who can have more difficulty obtaining finance from the private sector, SMEs were aided by almost 75% of UKEF's insurance policies last year, primarily those in the retail, construction, and manufacturing industries.

A Yorkshire business Yarwood Leather Ltd is amongst the first to have secured government insurance through the new portal. It has used the support to help deliver major new contracts supplying material to makers of fine furniture in Vietnam.

We like to see positive news in the exporting world, especially since UKEF is aiming to support over 1,000 SMEs a year by 2029. Its export insurance can cover up to 95% of potential losses under an export contract.