supply chain finance

What is Supply Chain Finance?

What is Supply Chain Finance?

Supply Chain Finance has been in the news recently. Prime Minister David Cameron is backing supply chain finance as a “new” form of finance for small- and medium-sized businesses. He claims that, “…this scheme will not only help them [small businesses] secure finance and support cash flow, but will help secure supply chains for some of our biggest companies and protect thousands of jobs.” If you are a small business who supplies a large, probably well known company, you will know better than most that just because they are reputable does not mean they are on time with paying their invoices. In fact, it can often make them worse as they know they have the power to do what they want and pay invoices later and later. This is where supply chain finance is meant to fill the gap. Before we... »

Government Considers Supply Chain Finance

As the debate continues on whether the lenders are doing enough to help out the UK’s SMEs (See yesterday’s news article Small Business Owner Bricks Up Bank ) Business Minister, Mark Prisk, has met with business leaders and finance experts to discuss supply chain finance. In their green paper Financing a Private Sector Recovery, which was published back in July (read Cable Looks to Boost Small Business Lending), the Government considered a number of options in its goal of boosting small business finance. The green paper was intended as a dialogue-starter between small businesses and the financial services industry. The consultation period for the green paper closed on Monday the 20th September and the Department for Business, Innovation & Skills (BIS) and HM Treasury receive... »