Increase of UK Export Finance cover limit for Ukraine
What was announced
The UK government has instructed UK Export Finance to increase the market limit for Ukraine from £3.5 billion to £6.5 billion.
Key points, in the publisher's words
- The first letter is from UK Export Finance’s (UKEF) Chief Executive and Accounting Officer to the Secretary of State for Business, Innovation, Science and Trade. It sets out that UKEF is close to capacity against its existing £3.5bn limit and the Accounting Officer has been asked by the Secretary of State for Business, Innovation, Science and Trade to consider an increase of £3bn taking UKEF’s Ukraine country risk limit to £6.5bn. This letter sets out an assessment of that ask.
- The second letter is from the Secretary of State for Business, Innovation, Science and Trade to the UKEF Chief Executive and Accounting Officer. It sets out that it is in the national interest for UKEF to remain on cover for Ukraine and to increase its capacity limit from £3.5 billion to £6.5 billion.
Figures in this announcement
Each line is quoted from the original. Figures are as the publisher stated them on the day.
- “It sets out that UKEF is close to capacity against its existing £3.5bn limit and the Accounting Officer has been asked by the Secretary of State for Business, Innovation, Science and Trade to consider an increase of £3bn taking UKEF’s Ukraine country risk limit to £6.5bn.”
- “It sets out that it is in the national interest for UKEF to remain on cover for Ukraine and to increase its capacity limit from £3.5 billion to £6.5 billion.”
Who and where
People
- Jonathan Reynolds (MP for Stalybridge and Hyde (Labour (Co-op))) · more news
UK bodies of power
- UK Export Finance (UK government department) · more news
Countries
Constituencies of the MPs named: Stalybridge And Hyde.
Where this sits in the 10 levels of power
Topics, as GOV.UK files them: Export finance.
Receipt
- Original: https://www.gov.uk/government/publications/increase-of-uk-export-finance-cover-limit-for-ukraine
- Published 2026-10-28 14:30:05 UTC
- Read by this site 2026-10-28 14:30:17 UTC from GOV.UK
- Saved copy: receipt 3746, with its SHA-256 fingerprint
Contains public sector information licensed under the Open Government Licence v3.0.
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