’Reassuring’ economic signs emerging, says Cable

Invoice finance solutions such as invoice discounting and factoring can help start-ups get off the ground

The UK business community is feeling more upbeat with various reassuring economic signs emerging, Business Secretary Vince Cable has said.

In a speech to the Confederation of British Industry (CBI), Cable indicated that the UK needs to do more to increase export volumes to developing countries such as the BRIC countries, as well as other areas of South East Asia and South America.

He also encouraged firms to take advantage of grant schemes to employ more apprentices, as it was revealed that more than one million apprentices had been part-funded by the government during the last two years.

"In the UK we have had a difficult time, but there are some reassuring figures on job creation, falling unemployment and business start-ups," Mr Cable said.

Invoice Finance for Start-Ups

Many start-ups struggle to gain access to capital to help get their business up and running, as banks continue to prove reluctant to lend.

Even if you can gain access to a bank loan or overdraft, high levels of personal security are often required.

Sustainable long-term alternatives do exist for start ups, such as invoice finance, which works to release cash that gets tied up in unpaid invoices.

Why not browse our website to find out more about how invoice finance can benefit start-up businesses, or give us a call today on 01756 694933 for a chat with one of our experts.