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An important legislative change is about to happen which will hopefully enable greater access to invoice finance. A draft Statutory Instrument under section 1 of the Small Business, Enterprise and Employment Act 2015 has been placed before Parliament for approval which contains new Regulations to nullify the effect of restrictive terms in B2B contracts that can limit access to finance for small businesses.

Since the credit crisis, the Government has been keen to encourage the alternative finance market, including asset-based finance, for SME’s. Following extensive consultation, the new measures will enable businesses, particularly smaller businesses lower down the supply chain, to access wide...

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