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.

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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.

What can SMEs do?

• Understand your trade finance options, and other products when facility is not the ideal solution
  
  • From letters of credit to invoice financing, knowing the right product can ease cash flow.
• 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.