EU Federation for the Factoring and Commercial Finance Industry

In a press release, John Gielen, Independent Chairman announces the continuing strong growth of the Factoring and Commercial Finance Industry in Europe during the first half of 2011!

The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It comprises national and international industry associations that are active in the region.

The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on the SME community. The EUF acts as a platform between the factoring and commercial finance industry and key legislative decision makers across Europe bringing together national experts to speak with one voice.

The EUF has published its full annual analysis of the the Industry in the EU 27 countries for 2010.

Compiled by the Economics and Statistics Committee under the Chairmanship of Diego Tavecchia of Assifact, the analysis shows that:

• The Industry total volume was €989,951M
• Year on year volume increased by 17.6% from 2009
• The total volume represented 8% of EU GDP
• EUF members represent 97.32% of the European Industry
• The top five markets, UK, France, Italy, Germany and Spain represent 78% of the total volume
• Other markets are growing rapidly and represent a significant 22% of the overall volume

For full details, please look at the Facts and Figures pages

EUF writes to EU on Public Consultation: "Small Business, Big World"

The letter outlines the benefits that the Factoring and Commercial Finance Industry can bring in supporting SMEs in their quest for finance and International expansion.

Click here to read the full text