Wednesday, March 16, 2011

News: UKTI in Rotherham to support exporters


Experts from UK Trade & Investment (UKTI) will be in Rotherham this month to raise awareness of new products from the Export Credits Guarantee Department (ECGD).

ECGD, the UK export credit agency, is launching several initiatives announced in a recent Government white paper focusing on trade and investment, all of which will help exporters, and SMEs in particular, to access the finance they need to make the most of international opportunities.

The initiatives include:
- a Bond Support Scheme to help exporters tender and contract bonds.
- an extension of ECGD short term credit insurance to cover a broader range of exports.
- an Export Working Capital Scheme to facilitate access to working capital finance for specific export contracts.
- the development of a Foreign Exchange Credit Support Scheme to help manage exposure to foreign exchange rate movements where exporters have taken out another ECGD product.

The two-hour session will include a 40 minute presentation on how ECGD can help exporters, a 10 minute presentation from the Department for Business (BIS) on a new Export Finance Guarantee, an open Q&A session and a networking opportunity with ECDG and UKTI advisers.

Mark Robson, UKTI's International Trade Director for Yorkshire and the Humber, commented: "ECGD is striving to do a lot more to advise and support SMEs in recognition they are the lifeblood of the regional economy, and very much the future in terms of securing lucrative international contracts and linked inward investment.

"There is a real appetite to find out more about the new products announced in the Trade and Investment for Growth white paper, and the aim of this roadshow is to cover that in detail as well as to give businesses a general overview of the Government's total export support offer."

The ECGD event takes place at the Advanced Manufacturing Park on March 24 as part of the Global Manufacturing Festival: Sheffield.

Also as part of festival, UKTI are sponsoring an event on March 17 called "Gearing Engineering Companies to grow internationally" providing an opportunity to hear from export trade specialists; and to learn from the first-hand experience of South Yorkshire engineering firms, how exporting can be instrumental in transforming business.

For many engineering companies export is the key to their future survival. The seminar provides a unique insight into where the future opportunities are to be found and how best to access these overseas markets. The case studies are from local high growth manufacturers who place export as their key business driver.

At the Cutler's Hall event, two Rotherham companies will be used as case studies - AESSEAL and MTL Group Ltd.

UKTI website
GMF Sheffield website



Supported by:
More news...

  © Blogger template Newspaper III by 2008

Back to TOP