EU Federation for the Factoring and Commercial Finance Industry

Although it is not surprising that the figures were negatively affected in 2008 and 2009 by the global recession, the results for 2010 show that the Industry has emphatically returned to its long term growth pattern with nearly 18% growth from 2009 to 2010. Indeed the Industry has now passed the previous pre-recession peak of 2007 by nearly 13%, demonstrating that despite the general low level of economic growth across Europe (sub 2%), it represents a significant force in the support of SMEs, economic activity, wider growth and wealth creation.

To put this in context, EU based industry activity represents over 70% of the global volume; growth in emerging markets is strong and international business funding forms an increasingly important element of the picture for EUF members.