UK Export Finance (UKEF) has launched a new partnership with Offshore Renewable Energy (ORE) Catapult to promote the expertise of UK offshore wind companies abroad.
UKEF has signed a memorandum of understanding (MoU) with ORE Catapult that aims to help bring global trading opportunities to UK suppliers and propel UK renewables exports.
ORE Catapult and UKEF will raise awareness of support that can be provided to assist UK businesses in the renewable energy sector as part of the cooperation agreement.
UKEF has also trained ORE Catapult employees to highlight the financial support it can offer to benefit green SMEs.
The training will enable ORE Catapult to raise awareness of the services UKEF offer to nearly 300 SMEs in the renewable energy sector they support.
UKEF director and head of business development, marketing and communications Richard Simon-Lewis said: “There is a strong pipeline of new opportunities in the renewable energy sector as economies adopt clean energy pathways where UKEF can offer their expertise.
“We are uniquely placed to support the government’s ambition to grow clean energy as outlined in the recent 10 Point Plan and this agreement will help us tap into that potential on a more granular, regional basis and increase new business in cooperation with ORE Catapult.”