Outlook "exceptionally strong" say The Confederation of British Industry

The The Confederation of British Industry (CBI) have said today that the outlook for the economy over the next QTR is “exceptionally strong” – great news for businesses throughout the UK.

Its latest monthly survey of 675 firms, had indicated that growth expectations were the strongest since the CBI started collecting data in 2003. Among the strongest areas for growth are the retail and services sectors whilst manufacturing businesses also reported solid progress.

Katja Hall, chief policy director at the CBI said: "These latest growth figures, and the strong expectations for the next quarter, provide further encouraging signs of increasing vigour and confidence across the UK economy.

"While consumer spending accounted for the lion's share of GDP growth last year, there are firm indications of growth becoming more broad-based."

Invoice Finance for growing companies

Growing companies can often find themselves turning down new orders simply because they are unable to fulfill them due to lack of cashflow.

Invoice Finance is a great way to unlock money tied up in unpaid invoices, meaning that business owners can negotiate bigger and better deals.

At Skipton Business Finance, funding lines from our Invoice Factoring and Invoice Discounting facilities start from as little as £25k and currently go up to £5m. Existing clients range from new-starts to established businesses with annual sales of up to £30m.

Our flexible solutions also grow in-line with your business, meaning that facility levels can increase as and when your business grows.