Guidance on how to help secure export finance to keep trading during the coronavirus outbreak has been set out by the government in direct communication to 160,000 exporters yesterday.

As well as advice on what financial support is available for companies to manage the impacts of coronavirus, the Department for International Trade stands ready to provide assistance with customs authorities to ensure smooth clearance of businesses’ products, and to offer advice on intellectual property and other issues with business continuity.

The message follows the news that UK businesses will now be eligible to secure export insurance cover to markets including the EU, US, Japan, Australia, New Zealand, Canada, Iceland, Norway and Switzerland with immediate effect, following UK Export Finance expanding the scope of its Export Insurance Policy (EXIP).

Exports from the UK to these markets totalled £499 billion last year, accounting for 74% of all international sales from the UK.

Businesses are being encouraged to:

• Visit the Business Support website for more information about measures and support available to their business
• Pay particular attention to the guidance for employees, employers and businesses which is being updated regularly with the latest advice
• Read the guidance for UK businesses trading internationally.
• Take steps to protect themselves and others.

Department for International Trade
www.gov.uk/dit

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