A government body set up to help businesses export services overseas has appointed a new head of its civil, infrastructure and energy department.
UK Export Finance (UKEF) is the UK’s export credit agency, helping firms export services overseas by supporting the financial side. For example, it can provide loans to overseas buyers who procure UK services and goods. Likewise it can provide working capital loans for firms that have an export contract but will take a financial hit on the contract before they are paid. In addition it can provide insurance for firms on their export contracts.
UKEF’s new head of civil, infrastructure and energy is Richard Simon-Lewis, who has had a career in corporate finance, specialising in the renewable energy sector. Most recently, he was finance director for Capture Power’s White Rose project, the world’s first commercial scale, full chain carbon capture and storage coal-fired power plant. Before this, he led Lloyds Banking Group’s renewable energy project finance function.
“UKEF is renowned for its innovative and flexible support for exporters, and for many reasons this is a hugely exciting time to join the department. I look forward to helping even more companies in the civil, infrastructure and energy sectors succeed in the global marketplace,” said Simon-Lewis.