Guidance: Export Working Capital Scheme

Uk Export Finance

October 5
16:26 2022

Our Export Working Capital Scheme helps UK exporters access working capital finance for specific export-related contracts.

We can provide partial guarantees covering up to 80% of the risk to lenders to cover the credit risks associated with export working capital facilities both pre- and post-shipment.

There is no minimum or maximum value for the working capital facility.

How it works

Export Working Capital Scheme


The scheme is particularly useful when a UK exporter wins an overseas contract that is higher in value than they can typically fulfil or succeeds in winning more overseas contracts than it has done before.

The lender is protected, to the extent of our guarantee, against the failure of the UK exporter to repay amounts due under the working capital facility.

Eligibility criteria

To be eligible for support under our Export Working Capital Scheme, the transaction must satisfy UKEFs eligibility criteria, which includes the requirements that:

  • the exporter must be carrying on business in the UK, Isle of Man or Channel Islands
  • the exporter must have entered, or be intending to enter, into a contract for the supply of goods and/or services with a company or other organisation that carries on business outside the UK

All transactions supported by UKEF must satisfy:

The transaction may not be supported if there are sanctions imposed on the country of the overseas customer.


The guaranteed lender pays us a guarantee fee. This is a proportion of the interest margin received from the UK exporter for providing the working capital facility.

How to apply

To access Export Working Capital Support, exporters should discuss their potential application with their bank.

Exporters who bank with one of the names listed below may be able to benefit from a streamlined process. There is no need to fill in any of the forms on this page.

Customers of other approved lenders should discuss their application with their bank and complete one of the application forms below.

To find out more about our Export Working Capital Scheme or to discuss eligibility for our support, contact our customer services team.

Contact or call +44 (0)20 7271 8010.

Contact details for approved lenders

Access our Export Working Capital Scheme directly through your bank

You do not need to complete the forms on this page if you bank with:

Lender Contact Telephone Email
Barclays UK Paul Bowman N/A
Barclays International Mathew Enright N/A
HSBC UK Bank Plc Liz Ambler (London and South East) N/A
Matt Osborn (Midlands, South West and Wales) N/A
Barry Millar (North, including Scotland and Northern Ireland) N/A
Lloyds Banking Group/Bank of Scotland Plc Trade Finance N/A
National Westminster Bank Plc Chris Duggan, SolutionsLine Team 0800 2100235
The Royal Bank of Scotland Plc Chris Duggan, SolutionsLine Team 0800 2100235
Ulster Bank Gavin Murphy, Global Trade Finance 028 9027 6632
Santander UK Plc Trade and Supplier Finance N/A

Other participating banks

You can also access our Export Working Capital Scheme through another approved lender.

Lender Contact Telephone Email
ABC Bank International Plc Eric Balish, Head of Corporate Coverage, UK & Ireland +44 203 765 4115 or +44 7789 372296
ABN Amro Joost Keijsers, Global Export Finance 00 31 613408973
Wilko Herrings, Global Export Finance 00 31 612825492
Bank of Ireland Philip Healy +353 76 6241612
Danske Bank Northern Ireland (businesses based and registered in Northern Ireland) Mark Beattie 02890 048 642
ICICI Bank Nishant Kumar, International Financial Institutions Group 020 7375 5097
London Forfaiting Company Ian Lucas, Head of UK Marketing 020 7397 1527
State Bank of India, London Main Branch Sekhar Pentakota, Head of Corporate Business Development +44 (0) 207 454 4476
Virgin Money Simon Hayden, Trade Finance Manager 07831 318295

Application forms

If accessing our Export Working Capital Scheme through another approved lender use the following forms:

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