National Business Joshua Hammond

The UK Prime Minister's Trade Envoy to Malaysia has pledged an extra £2.75bn in support to boost trade between the country and the UK.

On a visit to the country, Richard Graham MP for Gloucester announced that an additional £2.75bn will be available from UK Export Finance, taking the total amount of support available to £5bn.

The increase means that the additional £2.75bn will be available from UK Export Finance, the UK’s export credit agency, to help Malaysian buyers access attractive long-term financing to source high-quality goods and services from the UK.

UK Export Finance is also now able to support financing in the Malaysian ringgit, meaning that buyers in Malaysia can access finance in their own currency when they source from the UK.

Graham said: "I am delighted to announce that the UK government, through UK Export Finance, is increasing financial support available for trade with Malaysia to £5bn, meaning billions of pounds of additional financial support to support UK exporters and their Malaysian buyers."

While in Malaysia, Graham will also support the visiting English Language Training trade delegation from the UK, and meet senior figures across government and business.