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The Asset Based Finance Association (ABFA) welcomes the Budget’s raft of corporate proposals, including additional help for loss making companies and support for payment of business rates. Equally positive was the announcement of the top-up trade credit insurance scheme.
However, even more support needs to be forthcoming from the Government’s main business assistance programmes, such as the Working Capital Scheme and Enterprise Finance Guarantee Scheme, by improving access to finance for SMEs during the recession.
The
asset based finance industry, which has seen 9% growth in the last 12 months,
is vitally important to SMEs and businesses of all sizes in this role by providing
finance which currently helps support 1 million jobs, plus funding to over 48,000
businesses.
If you would like to chat to a member of the ABFA, please
call Rebecca Maund or Derek Harris on 0207 255 6400.