The UK trade industry has seen a steady growth from the start of the year, indicating growth in the construction and manufacturing economy. The Office for National Statistics recently reported a rise in exports and fall in imports which subsequently helped the UK’s trade deficit by £2.6bn.
As a result of expanding domestic trade, UK companies needing cash boosts to buy stock and goods are struggling to get short-term finance. Only today, John Cridland, director-general of the CBI called on the Chancellor George Osbourne to boost investment and export trade in order to rebalance the UK’s economy.
Other initiatives include communities such as ‘Trade Finance Global’ which is an online community where users can gain practical insights on key international trade topics from articles, videos, webinars and special features.
Here at Business Funding, we have advisers who are experts at lending short-term cash specifically for UK companies seeking to buy stock or finance trade. Click here to find out more or get in touch with us now.