Boost Your Cashflow and Export Trade with Virgin Money

Expanding your business to grow domestically and internationally can sometimes take a while. Virgin Money have introduced an offering in conjunction with the UK Export Finance (UKEF) General Export Facility (GEF) – a flexible government-supported scheme that helps UK export businesses to access facilities which, in turn, can help improve cashflow or speed up trade growth.

As a business that exports, you can apply for finance facilities under the GEF scheme. If Virgin Money give you the thumbs up, you’ll have extra money and/or guarantees to help grow your business.

How does it work?

• Under the GEF scheme, UKEF provides a guarantee to Virgin Money, so that we can support UK exporters to
access a range of finance solutions.

• As a business that exports, you can apply for finance facilities under the GEF scheme. If we give you the thumbs up, you’ll have extra money and/or guarantees to help grow your business.

• Standard facilities can be provided for a period of up to 2 years, although it may be possible to obtain facilities for up to 5 years with additional approval requirements. Facilities may be reviewed or extended. Arrangement fees are payable every year, regardless of initial term

• Up to 80% of the facility value is guaranteed by UK Export Finance for which Virgin Money will pay a fee. The guarantee is provided to Virgin Money and your business remains responsible for repaying 100% of the facility

Find out more here