UK Export Finance guarantees 1 billion pound loan to Ford UK

Reuters
07/31
UK Export Finance guarantees 1 billion pound loan to Ford UK

LONDON, July 31 (Reuters) - A British government agency is providing a 1 billion pound export development guarantee to the UK arm of U.S. carmaker Ford F.N, supporting the company's long-term growth targets around the world.

"This £1 billion loan guarantee is a major boost for Britain’s auto sector. It will help develop world-leading products, open new export markets, and secure jobs," finance minister Rachel Reeves said in the statement released by UK Export Finance (UKEF).

(Reporting by Catarina Demony; writing by Muvija M; editing by William James)

((Muvija.M@thomsonreuters.com; within the UK: +44 7776813338, outside the UK: +91 80 61822698; Twitter: https://twitter.com/muvija_m;))

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