A new supply chain finance scheme was announced by Prime Minister David Cameron last week. It is the latest in a long line of government initiatives to get much-needed cash into the hands of small business owners (SMEs). (more…)
Sadly, my invitation to today’s roundtable on the government’s Supply Chain Finance Scheme seems to have got lost in the post. As a result, I am unable to share with you how the host, prime minister David Cameron, and his idea is received by his guests – a number of senior figures from the UK business world.
However, having read the background on what he is proposing – a scheme whereby a supplier gains access to a low-interest loan from a bank once its customer has verified that it will pay them – I can weigh in to some degree. Earlier this year, I attended a different roundtable event on the subject of late payment and I’m pretty confident this idea would have gone down well, at least in principle. (more…)
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