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CBI responds to Government supply chain announcement

The CBI responded to a Government announcement on supply chain finance.

Matthew Fell, CBI Director for Competitive Markets, said:

“Boosting the use of supply chain finance is an innovative way to ease the funding squeeze for many smaller businesses, but it is dependent on the nature of individual supply chains to work effectively so is not a one size fits all solution.

“At the same time larger firms are identifying a variety of different ways to support their supply chains, normally through improved payment terms, direct collaboration and investment.

“It’s encouraging to see the Government leading from the front by setting up its own supply chain finance scheme for NHS pharmacists.

Notes to Editors:

The CBI Annual Conference 2012, Forging a New Economic Future, will take place on Monday 19 November at the Grosvenor House Hotel in London, featuring an exceptional line-up of business and political speakers.

All media wishing to access the conference venue must be accredited.

This can be done through the CBI website - you will need to submit a digital passport-style photo for the conference ID badge.

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