DEA Aviation Limited Secures Multi-Million Pound Export Finance Package

DEA Aviation Limited, a company specialising in aerial data-capture based in Nottinghamshire, has successfully secured a substantial export finance package with the support of UK Export Finance (UKEF) and Santander UK. The export finance package, totaling £16.5 million, will enable the company to meet the increasing international demand for its services and fuel its growth ambitions.

The funding, which comprises new financing and restructured loans, will pave the way for job creation and capital investment, supporting DEA’s aspirations for export-driven expansion. The guarantee issued by UK Export Finance under its Export Development Guarantee (EDG) product has played a crucial role in allowing DEA to access the significant funding from Santander UK.

DEA Aviation Limited is renowned for providing national and international Intelligence, Surveillance, and Reconnaissance (ISR) services. It operates from Retford Gamston Airport in North Nottinghamshire and caters to a wide range of sectors including intelligence, surveillance, and reconnaissance (ISR), search and rescue, and aerial mapping. The company, which employs over 200 highly-skilled individuals, is committed to delivering class-leading safety and compliance processes in its critical security services.

Joanna Allen, Chief Financial Officer of the DEA Group, expressed her satisfaction with the refinancing and emphasized the significance of the funding in supporting the company’s international expansion. The increased facility, supported by UK Export Finance and Santander UK, acknowledges DEA’s status as a substantial exporter and will facilitate its continued growth in international markets.

Liz Pickering, Relationship Director at Santander UK, shared her delight in increasing the bank’s support for DEA, recognizing the company’s importance as a key service provider in the region. She emphasized the strategic nature of the funding structure in enabling DEA to capitalize on future growth opportunities in critical sectors.

The significance of UKEF’s role in facilitating international trade for UK businesses was underscored by Tim Reid, Chief Executive Officer of UKEF. He highlighted the support provided by UKEF, in collaboration with financial institutions like Santander UK, in empowering small and medium-sized enterprises (SMEs) to achieve export growth.

The successful securing of the multi-million pound export finance package is a testament to DEA Aviation Limited’s position as a leading provider of specialized aerial data acquisition services. The company’s commitment to meeting international demand and enhancing its capabilities underscores the importance of such financial support in driving growth in key sectors.

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