UK Export Finance (UKEF), which helps companies access trade finance or get insurance, primarily against the risk of non-payment, has provided £4.7m in financial support to exporters across the region in the year to March 31.
Among the recipients was Ansible Motion, developer of driving simulator technologies, based in Norfolk’s Hethel Engineering Centre, which accessed UKEF support after securing major overseas supply contracts.
Kia Cammaerts, founder of Ansible Motion, said: “Because of the scale of this project, we were presented with an exciting growth opportunity. For a company like ours, experiencing strong overseas demand, UKEF are just the partner we need, with the strength of a UK government guarantee to match the strength of our products and our ambitions.”
Ansible Motion’s simulators have been traditionally used in motorsports applications, but connected car technology developers are now also being targeted. Kia Cammaerts featured in a video interview with Connected Car, which can be watched at this link.