UK Export Finance backs sustainable fuel to drive growth and cut emissions
In the UK, UK Export Finance (UKEF) has announced a series of measures at the Farnborough International Airshow to drive growth and decarbonization across the aerospace sector.
UKEF said it will broaden its eligibility criteria so that it can consider a wider range of financing options for UK-based sustainable aviation fuel projects, opening the door to greater investment in the sector.
The export credit agency also signed agreements with international aerospace leader Turkish Aerospace and British air taxi pioneer Vertical Aerospace to help UK innovation reach global markets.
Tim Reid, CEO of UK Export Finance, said: “From cleaner aviation technologies to next-generation aircraft and advanced air mobility, these partnerships show how UKEF is helping British aerospace innovation reach global markets and supporting the industries that will shape the future of flight.”
“Backing sustainable aviation fuel exports and strengthening our relationships with Turkish Aerospace and Vertical Aerospace, we are unlocking new opportunities for UK businesses across some of the world’s fastest-growing aerospace sectors, while strengthening innovation and jobs here at home,” he added.
Category: SAF
