AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 19 July 2017, the UK Export Finance agency (UKEF) published the list of beneficiaries of trade finance transactions for the year 2016/2017.
One of these beneficiaries was Shl Offshore Contractors B.V, which was offered a buyer credit of a total value of GBP 16,890,396 (USD 21,948,359). The buyer credit finances the export of wind turbine substructures to the Netherlands from Burntisland Fabrications Limited.
Given that UKEF does not provide the exact date that the trade finance deal was signed, the most conservative inception date, i.e. the 30 June 2017, was set as the inception date.
The GTA includes various financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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