With a new runway planned at one of the two major international travel hubs from the UK, press attention on the businesses in and around Gatwick has increased as politicians, business, the public and the international community weigh in with their opinions on where a new runway would deliver the most beneficial impact.
Five separate polls from YouGov show there is keen support for Gatwick.
Local employment is just one issue - Gary Peters, former chairman of the Brighton and Hove Economic Partnership says. “It (the new runway) will create 120,000 new jobs which is much needed for the Gatwick Diamond and local young people will benefit directly through a new apprenticeship fund that Gatwick will establish.”
Here are some other stats that prove interesting from the YouGove data, where councillors were asked about their thoughts on which location would be the best choice for expansion:
So when you find the spotlight turned on your business and there are positive impacts such as new customers, new sales channels and new partnerships to take advantage of, how can you maximise the opportunity if cash flow is an issue (as it is for many SMEs)?
Well Factoring and Invoice Finance have become a mainstream means to better finance a business in the last few years. Businesses can use their invoices raised to access cash from a factoring company who collects payment when the invoice is due. Usually this is at about 80% of the value of the invoice and a small charge is applied for the use of the facility.
Many businesses find that invoice finance has considerable benefits as they are not tied into length long term loans, the cash is available almost instantly upon an invoice being raised and you can work with a factoring company that really understand your business niche - so make sure you find one that does, which is where we can help.
Additionally, once the business achieves a certain level of profitability you may no longer need to finance via factoring and again, this flexibility proves invaluable to businesses.
It can take time to find the right factoring company, set up such as facility and release the funds from your invoices, so if you are considering how impact such as a new runway may help you grow your business but are concerned about the stranglehold of late payment of invoice may have, then why not get started now on identifying the best deals in the market for your specific business.
And have a look at our Top Tips for presenting your company to an Invoice Financier here.