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Government announces new measures to boost funding for small businesses

New laws to protect small businesses against unfair contracts that stop them raising money from unpaid invoices will be put before Parliament on 10 September 2018. Currently small suppliers' contracts with a larger company may prevent them from securing invoice finance from providers such as banks and other investors. The new proposals will prevent any such contractual restrictions entered into after 31 December 2018, with certain exceptions.
Category: Business and Industry » Small businesses. Keyword(s): Finance; Contract. Area(s) of law: Litigation; Private Client; Corporate and Commercial Law; Banking.
Source: Department for Business, Energy and Industrial Strategy.

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