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Unlocking £22bn in Trade Finance: What UK SMEs Need to Know

Trade finance remains one of the biggest untapped resources for UK SMEs, with an estimated £22 billion currently locked due to complex regulations and market fragmentation. The International Chamber of Commerce(ICC) recently issued warnings about the growing challenges in accessing trade finance, especially in the post-Brexit landscape.

Why is this happening?

Post-Brexit, UK SMEs face more stringent customs checks, increased paperwork, and a more fragmented financial ecosystem. Banks and lenders have become more risk-averse, making it difficult for smaller businesses to secure trade finance. Additionally, evolving compliance and anti-money laundering (AML) regulations add layers of complexity.

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What can SMEs do?

  • Understand your trade finance options, and other products when facility is not the ideal solution
  • Leverage fintech platforms
    • Digital trade finance providers are streamlining access to funds and reducing paperwork.
  • Stay updated on regulations
    • Partner with advisors or trade bodies who understand post-Brexit trade rules.

Unlocking this £22bn can fuel growth, international expansion, and job creation across the UK. Contact us or apply now to set a trade facility to fuel your business.

Jamie Davies
Managing Director

As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients. 

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Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).