New laws proposed to boost funding for small businesses
New new laws are being put forward to arm small businesses against unfair contracts that stop them raising money from unpaid invoices, the Government announced today.
Small Business Minister Kelly Tolhurst said the new laws will make it easier for small businesses to access invoice finance.
Currently a small supplier’s contract with a larger company may prevent it from securing invoice finance from providers such as banks and other investors.
Under the proposed laws, any such contractual restrictions entered into after 31 ... For the full story register now for free or login below...