Government backs trade credit insurance with £10bn guarantee

Houses of Parliament

Trade credit insurance, which provides essential cover to hundreds of thousands of business-to-business transactions, will receive up to £10bn of government guarantees, ministers announced today (4 June).

The Trade Credit Reinsurance scheme, which has been agreed following extensive discussions with the insurance sector, has been designed to see coverage maintained across the UK.

The guarantees will support supply chains and help businesses during the coronavirus pandemic to trade with

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