Bioguard find export success in the Middle East
Based in Northampton, Bioguard produces cleaning products for the healthcare sector, delivering to sites across the UK and, in recent years, to overseas markets.
The export order to the Middle East, significantly larger than usual, meant the company had to finance production on a larger scale without the security of advance payments. Therefore, Bioguard sought the extra financial protection they needed should anything go wrong.
At that point, they turned to UK Export Finance (UKEF), the UK’s export credit agency.
UKEF helps Bioguard take the next step
By working alongside their local export finance manager (EFM), Bioguard secured a bespoke Export Insurance Policy.
Export credit insurance protects exporters against the risk of non-payment by an overseas buyer. UKEF’s tailored policy allowed Bioguard to take on the export order with confidence.
“Without the bespoke export insurance policy from UKEF, we wouldn’t have been able to take on this order,” said Stuart Hay, Managing Director, Bioguard Hygiene.
“UKEF support 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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UKEF has a proven track record of supporting UK exports around the world through trade finance and insurance. Our support has helped British businesses realise success across multiple sectors and international markets.
“Exporting is a great way for businesses to grow, especially in fast-developing markets where there is a strong demand for high-quality British goods,” Jo Archer, EFM for Northamptonshire, Cambridgeshire and Bedfordshire, UKEF.
“For businesses that are just starting to sell overseas, it can be difficult to secure the right cover for their exports, so I’m extremely happy that UKEF was able to help Bioguard secure an important contract with an important new client.”