28
Sep
14:20
UK's Paralloy secures increased funding for exports
Teesside stainless steel alloy producer Paralloy has secured up to £26 million ($32m) of a Santander UK bank guarantee facility, guaranteed by UK Export Finance (UKEF), to support the continued growth of its export business.
The deal replaces an initial £17m guarantee facility which was provided by Santander UK and UKEF in 2021 to support the steel company with fulfilling higher value overseas contracts.
The previous facility enabled Paralloy to offer…
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