UK unveils £5 billion financing plan to boost exports to Morocco and other markets
Morocco is one of three markets selected by London to test a new financing scheme that could mobilise up to £5 billion. The idea is simple: make it easier for foreign buyers to obtain credit so they place more orders with British companies.
The British government announced on September 28 the launch of Flexible Finance, a new product from UK Export Finance (UKEF), the public agency responsible for supporting UK exports. Morocco, Brazil and Mexico are explicitly named among the fast-growing economies targeted in this pilot phase.
In practice, UKEF will be able to guarantee up to 80% of a commercial loan granted to certain foreign buyers. The public guarantee reduces the risk borne by the bank and is intended to make it easier for selected companies or project sponsors to secure financing on more flexible terms.
On Bladi.net : 640 billion dirhams’ worth of projects in Morocco: the United Kingdom wants its share
The maximum £5 billion envelope, equivalent to about 64 billion dirhams, applies to the programme as a whole and is therefore not reserved for Morocco. But the kingdom’s selection as one of a small number of pilot markets clearly shows the interest London now has in it.
The British government makes no secret of the scheme’s objective. In its statement published Monday, it says it wants to intervene in countries where British exports could be higher. UKEF will then work with the beneficiaries to increase their purchases of goods and services from UK companies.
Financing the buyer to win the contract
The difference from UKEF’s traditional mechanisms lies in the flexibility given to the borrower. Guaranteed financing will be less strictly tied from the outset to a specific UK expenditure. In return, UKEF will work directly with beneficiaries to identify British suppliers and develop their orders in the UK.
London is thus putting financing at the service of its trade policy: rather than waiting for a British company to win a contract in Morocco and then financing the deal, the agency can build a relationship in advance with a Moroccan buyer in need of capital and then steer it towards British suppliers.
UK Trade Secretary Jonathan Reynolds sums up the approach: the UK no longer wants simply to ask other countries to buy British, but to create the financial conditions that will enable its companies to win more business abroad.
This push comes at a particularly favourable time. The British government estimates that more than £50 billion in investment is due to be deployed in Morocco over the next five to six years, notably in transport, water, hospitals and clean energy. A significant share of these projects is linked to the accelerated preparations for the 2030 World Cup.
On Bladi.net : In six months, the United Kingdom sold more to Morocco than during the whole of 2025
British exporters are already making strong gains in Morocco. UK goods sales to the kingdom reached £2.153 billion in the first half of 2026, exceeding in six months the total for all of 2025.
London is now seeking to turn that growth into a lasting presence. Alongside Flexible Finance, the British government is working to make it easier for its companies to access Moroccan public-sector contracts.
