BExA welcomes announcement of support for businesses which rely on Trade Credit Insurance
BExA welcomes the announcement from Government that it intends to support businesses which rely on Trade Credit Insurance and who are experiencing difficulties maintaining cover due to Coronavirus. The Treasury-backed temporary reinsurance scheme aims to ensure that the majority of insurance coverage will be maintained across the market in the face of unprecedented financial pressures on UK businesses.
BExA stands ready to help Government work out the full details of the scheme to ensure it is rolled out swiftly and that it supports UK exporters. It is imperative that we not only support current exports but also ensure exporters can trade with confidence and grow their business to aid the UK’s economic recovery from this crisis.