Under the Export Development Guarantee (EDG), UKEF can provide partial guarantees covering up to 80 per cent of the risk to lenders for a maximum repayment period of up to five years.
Mike has policy responsibility for commercial finance at UK Finance, which covers the corporate and SME markets. This includes engagement with government, regulators and key market stakeholders on access to finance, enhanced customer protection, serving customers better, supporting the economy and competitiveness.
Prior to joining UK Finance, he gained over 35 years’ experience in the banking industry at HSBC, in branch, regional and head office roles, including retail and commercial banking, marketing, strategic planning and implementation, e-commerce. He also led on SME, commercial and corporate banking policy issues including the Business Finance Taskforce. Whilst at HSBC, he completed two secondments with the London Enterprise Agency and HM Treasury. Mike is an associate of the Chartered Institute of Bankers.