New UKEF loan guarantee scheme for critical minerals projects
UK Export Finance (UKEF) has announced an extension of a new loan guarantee scheme which will now support overseas projects supplying critical minerals, essential for UK industries such as clean energy, automotive, aerospace and defence.
This financing aims to secure long-term access to critical minerals like lithium, graphite and cobalt, helping UK exporters strengthen supply chains amidst global competition with a keen eye on sustainability.
Key Points:
- Loan guarantees are available for overseas projects with an offtake agreement with UK entities
- UKEF will collaborate with other export credit agencies to fund eligible projects
- Full eligibility criteria and application details will follow in the coming months
This initiative purports to align with the UK’s goals for industrial growth and the Net Zero transition, ensuring stability in critical mineral supplies.
For further guidance, please contact our Banking & Finance team.
Share:
Discover how funders, lenders and borrowers benefit from our expertise
Speak to one of our specialist Banking & Finance lawyers
Arrange a callHOW CAN WE HELP?
To get in touch with one of our legal experts please fill in your details.
Enjoy That? You Might Like These:
articles
articles
events