West Midlands exporters will be briefed on new changes in the world of export credit insurance at a series of events in the region this week.
The roadshow aims to explain more about the Export Credit Guarantee Department’s (ECGD) new products and how they can help small and medium-sized firms to export.
Sessions will take place in Birmingham, Coventry and West Bromwich this week and will look at the four new ECGD products.
These include a widening of the eligibility of the existing short term credit insurance policy, the Export Insurance Policy (EXIP), a bond support scheme, an export working capital scheme and a foreign exchange credit support product.
ECGD’s director of communications Steve Roberts-Mee said: “The contribution that exporting makes to the British economy has never been more important.
“All the evidence shows that exporting doesn’t just have benefits for companies’ profits – the challenge of exporting makes businesses more innovative and efficient across all aspects of their work.
“That’s why the Government has introduced new support for exporters, particularly smaller companies with the potential for high growth.
“ECGD’s new products can help West Midlands businesses win overseas business and give them the confidence that they will be paid, as well as increasing their access to important facilities like credit insurance, performance bonds, working capital and buyer finance packages.
“West Midland exporters are vital for the recovery of the region’s economy, and this new Government help could play a big role in helping them make the most of their overseas opportunities.”
• Sessions will be held on Wednesday May 25, 10am to 1pm at Coventry Rugby Club, Butts Park Arena, Thursday May 26 at 2.30pm to 4.30pm at HSBC, 12 Calthorpe Road, Edgbaston and Friday May 27 from 4pm-6pm at The Public in West Bromwich.