Finance

One of Mowlem’s key competitive advantages in winning large-scale, complex construction contracts, is our ability to source, structure and secure flexible project financing for its Government clients.

We are ideally positioned to take advantage of the UK Government’s export credit agency, UK Export Finance, which alongside the Department for Business and Trade, provides UK Export Finance to ensure that no viable UK export fails for lack of finance or insurance.

This is an integral part of the service we provide in delivering projects which improve lives through constructing infrastructure. We structure and secure flexible project financing for our Government clients in partnership with UK Export Finance enabling us to turn our client’s vision into a reality, providing project management from concept to completion.

We spend significant time tailoring each project to long-term government infrastructure goals, effectively bridging political cycles and ensuring completion of high-impact projects. Highly detailed designs, feasibility studies and business plans are drafted alongside all stakeholders, including the capacity to assess and mitigate key technical and financial risks associated with large-scale infrastructure projects.

We have extensive experience working with relevant stakeholders to obtain requisite cabinet and parliamentary approvals, avoiding any delays in getting projects off the ground.

We offer complete project management services, working closely with local partners to meet project deadlines and cost objectives.

Leveraging the UK Government’s Export Finance as a sustainable competitive advantage

UK Export Finance in Numbers

32

of UKEF’s investment pipeline is Africa focused

3

billion deployed in Africa over the last decade

800

million African investments agreed in 2020

46

African countries with access to UKEF

16

currencies offered, reducing foreign currency risk and avoiding variable debt service costs

Typical Terms

Interest: Fixed at CIRR, either Euro or USD
Loan Tenure: Up to 3-year construction plus 10-year repayment thereafter. Interest capitalised (no repayments) during construction
Value: Funding up to 85% – 95% of Project Value
Mowlem would assist to arrange the 15% ECA down-payment requirement from alternative sources
Borrower: Ministry of Finance

Tema Alfao Road Project – UK Export Finance At Work

“Building on the UK Africa Investment Summit in January this year, I am delighted to see British capability being exported to Ghana and improving people’s lives across the country. UK Export Finance supports UK exports at no cost to the taxpayer and has an important role in powering an export-led recovery from coronavirus (COVID-19) and giving UK exporters of all sizes a foothold in fast-growing markets across Africa and beyond.”
Graham StuartUK Minister for Exports

“Securing this project has been dependent on the world-class support provided by UK Export Finance (UKEF). It shows the commitment of the UK government in supporting exporters as they establish new tradition relationships across Africa. Through the combined assistance of the Ghana Ministry of Roads and UKEF, our team are committed to the development of this critical infrastructure to provide a safe, efficient and reliable road transport system and foster economic growth within Ghana and the region at large”
Phil AtkinsonMowlem Shareholder and Director

Finance

One of Mowlem’s key competitive advantages in winning large-scale, complex construction contracts, is our ability to source, structure and secure flexible project financing for its Government clients.

Leveraging the UK Government’s Export Finance as a sustainable competitive advantage

UK Export Finance in Numbers

32

3

800

46

16

Tema Alfao Road Project – UK Export Finance At Work

If you would like to discuss how you think you could benefit from UK Export Finance for your project, please contact us

Contact Us

Policies

Address

Connect