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.
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.
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.