Glossary

ECA direct lending

A loan made by the export credit agency itself rather than guaranteed through banks. UK Export Finance's capacity for defence direct lending was raised to £10bn in March 2025.

See also: Export credit agency (ECA)

Export credit for defence

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Randeep Bubbra | Lawyer | Making defence financeable

InfraDefence Weekly

The week in defence finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.

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ECA direct lending

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The week in defence finance, read from the filings.