TruffleHunter, a business from South Cerney in the Cotswold District, has expanded into new international markets thanks to UK Export Finance’s Small Export Builder (SEB) facility.
The speciality food company, which produces truffle-based products and gourmet ingredients, has used the government-backed export insurance to secure contracts worth £22,500 in Malaysia and the Philippines – markets where commercial insurance wouldn’t offer cover for smaller value exports.
Hugh Francis, Export Finance Manager for Gloucestershire, said: “TruffleHunter’s success demonstrates exactly why we launched the Small Export Builder, which is to help smaller businesses access markets that commercial insurers won’t cover. The beauty of this facility is that it grows with the business, allowing them to build confidence and trading relationships incrementally.”
Nigel Whitehouse, CEO of TruffleHunter, said: “The Small Export Builder has been a game-changer for our business. The inability to secure commercial insurance for smaller value orders was a real barrier to access new markets for us like Malaysia and the Philippines.
“UKEF’s support has given us the confidence to diversify our export base, enter new territories and build relationships with buyers we simply couldn’t have worked with before.”