, Minister
of State for Trade and Export Promotion, welcomed the
agreement:
VAMED is a global leader in healthcare, providing
hospitals and medical facilities that are improving
the lives of people in more than 80 countries around
the world.
The Export Strategy, and our newly launched second
Life Sciences Sector Deal, set out our ambition to
connect more UK businesses with international
opportunities, and I am delighted that UK Export
Finance and the Department for International Trade
are working with VAMED to increase healthcare
exports.
Growing the export supply chain and UK
operations
The agreement sets out plans for UKEF, the UK’s export credit
agency, the Department for International Trade and
VAMED Engineering to work together to increase VAMED’s
procurement from UK suppliers of healthcare equipment
and services, as well as growing its operations in the
UK. It also identifies opportunities for UK companies
to secure business with VAMED projects, backed
by UKEF financing, in 20
countries over the next five years. Priority regions
for co-operation and potential financing include
sub-Saharan Africa, Latin America and Commonwealth
countries.
Signing the agreement in Vienna, Andrea Raffaseder,
Managing Director, VAMED Engineering, said:
VAMED Engineering has ambitious plans for continued
international growth, and we see great opportunities
to work with healthcare companies in the UK as we
improve healthcare provision for communities around
the world. UK Export Finance will be a key partner,
providing innovative finance to our overseas
customers to match the unique capabilities of UK
suppliers.
The co-operation framework builds on previous
collaboration between VAMED
Engineering, UKEF and the Department
for International Trade, who jointly hosted a supplier
fair event in October 2018 showcasing opportunities
with VAMED projects in sub-Saharan Africa, attended by
nearly 100 UK companies.
Background
UK Export
Finance is the UK’s export credit agency and a
government department, working alongside the Department
for International Trade as an integral part of its
strategy and operations.
Our mission is to ensure that no viable UK export
should fail for want of finance or insurance from the
private market. We provide finance and insurance to
help exporters win, fulfil and ensure they get paid for
export contracts.
Sectors in which UKEF has supported
exports include: aerospace, healthcare, infrastructure,
telecommunications and transport.
UKEF has
a national
regional network of 24 export finance
managerssupporting export businesses.
Our range of products includes:
- Bond insurance policy
- Bond support scheme
- Buyer & supplier credit financing facility
- Direct lending facility
- Export insurance policy
- Export refinancing facility
- Export working capital scheme
- Letter of credit guarantee scheme
Our country cover
positions outline our current cover policy and
risk appetite for each country.
