Factoring and Commercial Finance continues to grow
Factoring and Commercial Finance continues to grow – A mechanism for real economy support in the EU
The data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in 2019 factoring and commercial finance volumes in the EU grew overall by 7.9% to reach €1.91 Trillion. As before, 80% of this represented domestic business and the balance international.
This rate of growth – which equaled that seen in 2018 – again clearly outpaces the increase in GDP in Europe and continues to demonstrate the increasingly vital role factoring and commercial finance is playing in developing the real economy, providing principally SME businesses with much needed working capital.
Funding of €275Bn is supporting around 280,000 European businesses, helping them deliver real growth, real employment and demonstrable business success.
With factoring and commercial