Asset-based finance advances in the UK 2016-2018

This statistic presents the value of total advances to clients extended through asset-based financing (including invoice financing and asset-based lending) in the United Kingdom (UK) from the first quarter of 2016 to the first quarter of 2018. Advances to clients increased over time with some fluctuation, reaching a value of almost 21.7 billion British pounds as of the first quarter of 2018.

Total value of advances to clients in asset-based finance in the United Kingdom (UK) from 1st quarter 2016 to 1st quarter 2018 (in million GBP)

Characteristic	Advances value in million GBP
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Release date

2018

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Region

United Kingdom

Survey time period

1st quarter 2016 to 1st quarter 2018

Supplementary notes

According to OECD, "asset-based finance is a widespread form of finance for SMEs, to monetise the value of specific assets and access working capital under more flexible terms than they could from conventional lending channels. It comprises instruments such as asset-based lending, factoring, purchase order finance, leasing and warehouse receipts. As firms obtain funding based on the value of specific assets, including accounts receivables, inventory, commodities stored at certified warehouses, machinery, equipment and real estate, rather than on their own credit standing, asset-based finance can serve the needs of young and small firms that have difficulties in accessing traditional lending."

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