A partnership with UK Export Finance (UKEF) has enabled British firm Dints to secure a £12.5m contract as supplier to MCA’s infrastructure and renewable energy operations in Angola.
Established 18 years ago, Dints is a London-based project integrator bringing together buyers, suppliers, logistics providers and funding partners.
A loan guarantee issued by UKEF to Apple Bank means that the Portuguese contractor operating in Angola, MCA, can now access finance to purchase more than £12.5m in equipment through Dints. This will create opportunities for UK manufacturers to supply goods and services to the project.
Dints will provide vehicles, plant and machinery to support infrastructure and renewable energy projects in Angola. Enabling companies like Dints helps to grow the economy, delivering on the Plan for Change.
Recent partnerships with Dints have helped to generate over £21m in UK exports to markets including Peru, Guinea, Cote d’Ivoire and Botswana. These projects support jobs across the UK supply chain, as Dints suppliers come from regions including Leicestershire, Yorkshire and Humber, Staffordshire, County Armagh, Cambridgeshire, and Hertfordshire.
Gareth Thomas, Minister for Exports, said: “This deal opens a wealth of opportunities for UK businesses, helping to increase exports, boost jobs and grow the economy.
“As part of our Plan for Change, we are firmly backing businesses to export around the world and reach new markets and this deal is a shining example of just that.”
Geoffrey de Mowbray, Dints’ CEO, said: “It has been a pleasure to work with MCA on this transaction. By bringing together UK and international suppliers with the support UKEF, AF Capital and Apple Bank’s support, suppliers are paid as if selling to their domestic markets while unlocking global opportunities. This approach makes UK exports more accessible as well as facilitating critical infrastructure and renewable energy projects and demonstrates the value of a coordinated, transparent export model in driving sustainable development.”
UKEF issued the guarantee through its Standard Buyer Loan Guarantee product. By helping buyers to purchase UK exports more easily, loans from or guaranteed by UKEF secure export contracts with good payment terms for British businesses – including small businesses likely to need payment upfront before they can deliver a contract.
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