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.
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.
Explore more insights
Articles 28 September
Drawing a line under Macdonald Hotels: CLLS reassures the finance market on split execution
Are finance documents deeds or contracts? We look at the Macdonald Hotels judgment and CLLS note, which provides…
Events 21 September
FD Connect: Strategic finance & pre-budget briefing
As we approach a potentially pivotal October Budget, we would like to invite you to an exclusive evening…
Articles 28 July
What is the LMA guidance on sanctioned lenders in syndicated loan transactions?
The LMA has released guidance to address the ever-increasing sanctions risk in syndicated loan transactions. We look at…