A Northamptonshire manufacturer of sustainable warehouse storage and packaging solutions is expanding its global footprint after securing £1.6 million in government-backed finance. Pallite Group, based in Wellingborough, has won new export opportunities across Europe, the US, Asia, the Middle East, Australia and New Zealand, prompting the need for additional working capital to keep pace with growing international demand. The company has now secured a £1.6 million corporate facility from KBC Bank, supported by UK Export Finance's (UKEF) General Export Facility (GEF).
The UK government has pulled a controversial $1.15bn (870m) loan to a giant gas project in Mozambique that has been accused of fuelling the climate crisis and deadly terror attacks in the region. The business secretary, Peter Kyle, said on Monday that the UK would withdraw its export finance to the Mozambique liquified natural gas project, five years after it ignited bitter opposition from campaigners over its impact on human rights, security and the environment.