UKEF helps Bioguard Hygiene find export success in the Middle East
Northampton manufacturer wins an important new customer and maintains momentum in a high-value market with support from UK Export Finance.
| About the transaction: Bioguard Hygiene | |
|---|---|
| Region | Northampton |
| Sector | Manufacturing: cleaning products |
| Export destination | Middle East |
| UKEF support | Export insurance policy |
Cleaning products manufacturer, Bioguard Hygiene, won an export order worth £90,000 with a large pharmacy chain in the Middle East. Having to finance production on a larger scale without the security of advance payments led the company to seek extra financial protection should anything go wrong.
Bioguard contacted their local UKEF export finance manager, who worked with them to develop a bespoke export insurance policy. Export credit insurance protects exporters against the risk of non-payment by an overseas buyer. Our tailored policy allowed Bioguard to take on the export order with confidence.
Stuart Hay, managing director of Bioguard Hygiene, said:
Without the bespoke export insurance policy from UKEF, we wouldn’t have been able to take on this order. UKEF support has allowed us to build our overseas business and brand awareness, and ultimately take an even bigger step into a very important market for us.
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