The UK economy recovery remained on track during the last quarter of 2013, according to the latest quarterly survey by the British Chambers of Commerce (BCC). Improvements across the services and manufacturing sectors is expected to boost total growth across the economy to 0.9% for the quarter. If this growth is recorded, it would be up from the 0.8% recorded in the previous quarter. The survey also revealed that UK businesses are feeling more confident and are seeing growth, with sales and orders surpassing pre-recession highs, particularly in the services and manufacturing sectors. But BCC director general, John Langworth, cautioned that businesses still needed support to keep the economic recovery moving, “Cashflow continues to be an ongoing concern, and may hold businesses back from expanding to meet the growing levels of demand.”
Invoice Finance for Growing Businesses
As the economic recovery gathers speed, small-to-medium-sized enterprises (SMEs) owners are seeing more opportunities to generate new orders and grow their businesses. However, unpredictable cashflow can hinder growth prospects, as many may choose to keep cash in the bank instead. Invoice finance facilities, such as invoice factoring and invoice discounting, are used by many businesses who require extra funds to keep cashflow consistent whilst allowing them to take on new orders and grow. If you’d like to find out more about invoice finance, why not browse our website for more information