Help for small firms

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A MULTIMILLION-POUND fund has been launched to help small firms in the North East.

Hitachi Capital Invoice Finance, a leading cash flow management provider for small and medium enterprises (SMEs), has hired a key business leader to initiate the credit facility to boost business in the region.

Launched in response to news that outstanding debts to SMEs are increasing and businesses are now waiting longer than ever to be paid, the cash injections are essential to many businesses to help them grow.

The new role will secure finance for businesses in the region to support lending and cash flow requirements. The £50million facility will assist SMEs with their funding.