New nuclear’s construction risk and development timelines have made it difficult to bank – until now. The RAB revenue model means that Sizewell C’s funding package includes an ECA-covered bank piece, but RAB may not provide value for money.

Tim Reid, CEO of UK Export Finance (UKEF) focuses on what’s changed, and what’s stayed the same against a backdrop of uncertainty for exporters. Defence, cyber, SMEs, concentration risk and EPC+F all come into focus. How can the ‘Venn diagram’ of overlap with MDBs be improved and how important is ‘less tied’ financing?

TXF's editorial team sat down to discuss their best articles and insights of the year with few forward looking trends set to emerge in 2026.