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ABI responds to British Business Bank Trade Credit Enterprise Finance Guarantee Article

The British Business Bank has published its evaluation and response on the Trade Credit Enterprise Finance Guarantee Pilot.

Responding to the Trade Credit Enterprise Finance Guarantee (TCEFG) Evaluation Report, Mark Shepherd, General Insurance Manager at the ABI said:

Mark Shepherd"We are pleased that the Evaluation Report recognises that the Trade Credit insurance market is working well. The Report shows that there has been an increased range and availability of trade credit insurance in recent years, which continues to provide security to its customers.

"Trade Credit insurers play a vital role, particularly for SMEs, covering billions of pounds worth of goods and services. This protects businesses against unexpected risks and helps them to navigate financial situations, encouraging and enabling growth."

Last updated 01/07/2016