"Britain's businesses cannot grow, export and innovate without proper access to bank credit. But they also need alternatives when looking for finance," said Vince Cable, Business Secretary. "The government wants to see a shift in the market structure towards non-bank lending."
Cable's comments coincided with the launch of a guide to alternative sources of financing, published by business lobby group the Confederation of British Industry (CBI).
As many businesses look to deliver growth through expansion, the need for a steady cash flow and reliable working capital solutions are providing an ever stronger marketing for Invoice Factoring Finance and Invoice Discounting, so it is great to see the UK government pushing for alternatives to high street and commercial bank lending.