UK Export Finance (UKEF) has issued a loan guarantee so that fixed offshore wind specialist Seaway7 can access a £370 million funding package Issued under UKEF’s Export Development Guarantee facility, the funding will allow Seaway7 to develop its UK sites and fund its current fleet The government-backed deal will support economic growth and see the creation of over 100 new jobs by the end of the decade In a move which supports the growth of the North Sea offshore wind industry, UK Export Finance (UKEF) has issued a loan guarantee so that Seaway7 can access a £370 million funding package. The export credit agency has issued the guarantee under its Export Development Guarantee (EDG)
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