HM Treasury has announced a UK Export Finance pilot that will provide up to GBP 5 billion in loan guarantees to selected overseas buyers, aiming to increase purchases of goods and services from British companies. The Flexible Finance product will target buyers in fast-growing economies where UK exports could expand, including Brazil, Morocco and Mexico. The guarantees will cover up to 80% of a commercial loan and give borrowers greater flexibility over how funding is used than existing UK Export Finance products. UK Export Finance will encourage participating buyers to select British suppliers, support connections with UK exporters through matchmaking and procurement assistance, and work with borrowers to increase their imports from the UK.