We have feedback from clients and professional contacts that some banks and other lenders are currently reviewing the terms of their factoring and invoice discounting facilities.
Whilst it’s an understatement to say how strange our world of work has been over the past 12 months, we’re now seeing consistent evidence of activity levels on the rise. Good news indeed for our SME community.
On Sunday, all of us expect to hear the government’s strategy to ease lockdown restrictions. So far this week we have been offered a slow drip of hints and comments as to what life will be like at the workplace when we are able to return.
This week the government announced a £1.25bn package for innovative small businesses. The package, which will be launched in May, includes the Future Fund, offering loans between £125,000 and £5 million if matched by funding from private investors.