UKEF provides record £3.6bn to help UK businesses construct hospitals, electric railways and offshore wind across the globe

9 Jun 2022 08:56 AM

Landmark results revealed at Trade & Export Finance Limited’s global conference in Lisbon.

UK Export Finance (UKEF) was the world’s top export credit agency for sustainable financing in 2021, with over £3.6 billion awarded to clean energy, healthcare and critical infrastructure projects.

UKEF moved up from second place in the global rankings last year and has now provided over £7 billion to sustainable projects since 2019, according to Trade & Export Finance Limited (TXF).

Announced in Lisbon yesterday (Tuesday 7 June) at TXF’s Global Export Finance Conference, the UK’s export credit agency was also awarded for its leading work in sustainable finance for three transactions:

UKEF helps foreign countries finance important infrastructure projects if they commit to sourcing goods and services from the UK. This creates new export opportunities for UK companies and supports jobs.

UK Export Finance CEO Louis Taylor said,

2021 was the year where UKEF has led the world of export finance into a more sustainable future. I am proud that our work in leading the way globally has been recognised and we will continue to use the power of our finance to make the world a better, more prosperous and sustainable place.

In 2021, UKEF became one of the world’s first export credit agencies to launch a Climate Change Strategy and commit to decarbonising its existing portfolio by 2050. To do this, it intends to increase its support for sustainable projects using its £50 billion capacity to support UK exports and align with the government’s Ten Point Plan for a Green Industrial Revolution.

UKEF helps foreign countries finance important infrastructure projects if they commit to sourcing goods and services from the UK. This creates new export opportunities for UK companies and supports jobs. Other sustainable projects backed by UKEF in 2021 include: