|About the transaction: Flamgard|
|Sector||Manufacturer: Fire dampers|
|UKEF support||Bond support scheme|
Welsh manufacturer Flamgard Calidair was contracted to provide fire and shut off dampers for the Chernobyl New Safe Confinement site. To do this, they required additional financial support for an advance payment bond they had to issue as part of their involvement in the project. Flamgard was able to secure this through their bank, Lloyds, while our guarantee meant there was no requirement for a deposit.
Steve Edwards, Managing Director, Flamgard, said:
This is a major international contract for Flamgard, which we were able to undertake with the support of UKEF, the Welsh Government and Lloyds Banking Group. The support we received from government and the private sector has helped us to win big in a global marketplace.
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