UK Export Finance’s (UKEF) annual report and accounts, published this week, reveal almost £7.5 million of support for Welsh exporters, resulting in over £64 million worth of overseas sales. One of the Welsh companies benefiting from UKEF support this year was Carpenter and Paterson, a specialist manufacturer of pipe suspension equipment based in Welshpool. By working with overseas buyer Reliance India, UKEF helped to ensure over 100 construction and supply contracts on Reliance’s project in Jamnagar India went to UK…

Hot on the heels of Export Week,  UK Export Finance’s export finance adviser Matthew Hughes explains how Welsh businesses wanting to export in emerging markets should consider the value in using letters of credit to help secure funding.   For as long as international trade has existed there have been concerns from exporters or sellers about releasing goods or providing services before they have been fully paid. At the same time from the buyer’s viewpoint, there are concerns about paying…