Supply Chain Finance boost for small firms

HMG’s Supply Chain Finance scheme claims to have scored a major triumph for SMEs.  According to Matthew  Fell, CBI director, 40 of our largest companies have agreed to provide SCF to their SME suppliers.  On receipt of invoice they are going to authorise their bankers to offer an advance payment at relatively low interest.

Fell reckons that this is an innovative way to ease the funding squeeze on smaller businesses.  But I guess my question is quite simply:  if they are happy to do this, why don’t they simply pay our invoices on time?

Why not let me know what you think.  Drop an email to martin.parry@mgba.co.uk or use the comment box below.

Sc: MGBA; UKBA

Details on SCF Scheme

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