There are nearly 5 million SMEs in the UK and they have a crucial role to play if the UK is to achieve export-led recovery. Only a very small number of SMEs have been helped by UK Export Finance (UKEF) with only 21 receiving help from the agency up to August 2012. UKEF services need to be better promoted both to SMEs and banks who act as the gatekeeper to the scheme. The Committee say that unless banks are prepared to take on some of the risks of lending to exporters then UKEF’s programmes are ‘dead in the water’. More generally, the transition from loan decisions being made by local bank managers to a centralised process driven by formulae has weakened SME access to bank finance. Local bank managers are much better placed to make informed decisions about loan applications from small local businesses. SMEs must also do more to explore alternative sources of finance to invest in export efforts including non-clearing banks, equity funding and crowd sourcing and UK Trade and Industry (UKTI) must to do more to raise awareness of these sources of alternative funding. UKTI do a good job with companies they support but awareness of UKTI is low. The Committee also consider the impact of the Bribery Act 2010 in deterring UK exporters. They say the Act has led to confusion and uncertainty and call for detailed post-legislative scrutiny of the Act