DEA Aviation, a Nottinghamshire-based aerial data acquisition specialist, has secured a £16.5 million export finance package supported by UK Export Finance (UKEF) and Santander UK.
Securing Multi-Million Pound Funding for International Expansion
DEA Aviation Limited, operating out of Retford Gamston Airport in North Nottinghamshire, has successfully obtained a significant funding package to support its strategic growth and operational expansion.
This financing, facilitated through UKEF’s Export Development Guarantee, was announced on January 15, 2025.
Details of the Funding Package
The £16.5 million package, which includes both new financing and the restructuring of existing loans, was made possible through a guarantee issued by UKEF.
This guarantee enabled DEA Aviation to secure the necessary funds from Santander UK, thereby enhancing the company’s ability to invest in new technologies and expand its workforce.
Economic and Industry Impact
This funding is expected to have a substantial impact on DEA Aviation’s ability to meet increasing international demand for its services.
The company, which employs over 200 highly skilled professionals including engineers, pilots, and software developers, will be able to strengthen its position as a leader in intelligence, surveillance, and reconnaissance services.
Some Statistics
- £16.5 million financing package
- Over 200 highly skilled employees
- Expansion across Europe and beyond
Leadership Response
We are pleased to have been supported by Santander UK and UKEF in this refinancing as the group enters its next phase of growth. The funding recognises that DEA is a substantial exporter and will enable the company to continue to expand its services internationally where we have built a strong reputation with prestige customers in Europe and beyond.
Joanna Allen, CFO of the DEA Group
The support from UKEF and Santander UK underscores the importance of collaborative financial initiatives in driving business growth and international expansion. This partnership highlights the commitment of these institutions to fostering the development of UK-based exporters.
Progress and Targets
- Creation of new jobs
- Increased capacity and capability investment
- Enhanced international service expansion
Local and Regional Impact
The funding will have a positive impact on the local economy in North Nottinghamshire, where DEA Aviation is based.
The company’s growth plans include job creation, investment, and reinforcing the region’s reputation for advanced aviation services.
Immediate Implications
The securing of this multi-million pound finance package marks a significant milestone for DEA Aviation, enabling the company to accelerate its growth plans and solidify its position in the global market.
This development is a testament to the effectiveness of UKEF’s support schemes in facilitating the expansion of UK exporters.
Broader Significance: Market and Policy Implications
This funding underscores the UK government’s commitment to supporting domestic businesses in their international endeavors.
UKEF, Santander UK, and DEA Aviation collaborate to drive economic growth and enhance UK companies’ global competitiveness.
