SCC responds to launch of UK Government guarantee to support provision of trade credit insurance

13th May 2020

Commenting on HM Treasury guarantee of Trade Credit Insurance, Dr Liz Cameron, Chief Executive of the Scottish Chambers of Commerce said:

“This is excellent news. By backing Trade Credit Insurance (TCI), the Treasury is protecting thousands of Scottish businesses from spiralling costs of premiums or even the loss of this key business-to-business transaction support scheme.

“This support will be hugely welcome to businesses, many of which have already been nearly crushed by the collapse of income caused by the coronavirus lock down. By assuring TCI, the UK Government reduces the risk of supply chain collapse and underpins confidence across all markets. “