- 29 Mar
Invoice And All-Asset Finance Sector Funding 15% Of UK GDP (Gross Domestic Product)
I was just reading an interesting piece on the Business Money News site about their Receivables Report Intermediary Index (there is a link to it on the UK Invoice Finance Research group on Linkedin posted by Mark Byrne) but the thing that caught my eye was the comment from Bob Lefroy, the Editor of Business Money Magazine highlighting the fact that the invoice and all-asset finance sector financed £254 billion of sales in 2012 which equates to 15% of GDP (Gross Domestic Product) - huge when you put it in those terms.