The increasing global impact of the COVID-19 pandemic is having a devastating effect on UK businesses. With their futures uncertain as income reduces and cashflow drying up, it is becoming more difficult to trade through these unprecedented times.
Representing 99% of the UK’s business population, SMEs play a vital role in the growth of our economy. Reflecting on the economic landscape in recent years, we have witnessed positive growth from these businesses with entrepreneurs bringing fresh innovation in products, services and technology to the table. All of which have contributed significantly to both job creation, economic and financial success.
This is why 1pm’s commitment to backing British businesses through COVID-19 hasn’t faltered. In the face of these testing times, we recognise the important role we as funders play in offering these businesses a lifeline to ensure their survival.
1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring. Gener8 Finance Limited is a wholly-owned subsidiary of 1pm.
