UK Finance is pleased to contribute to the 2021 edition of the World Factoring Yearbook (WFY), reviewing the downs and ups of one of the most extraordinary years of recent history. 

The story of the pandemic was not finished when our submission for the UK was submitted in May, nor has it been fully written at the start of September, but with business confidence higher than it has been for months, and both client turnover and advances through invoice finance and asset based lending facilities increasing again, there are reasons to look forward to 2022 with some degree of optimism [latest quarterly sector data available to IF/ABL members here].

The UK section provides a detailed overview of the impact of Covid-19 on the UK economy and also of the wider consequences of the extraordinary fiscal interventions that the UK government put in place as the pandemic continued.  In addition to the section contributed by UK Finance, the WFY includes market expert reviews of all the major world jurisdictions for invoice finance and asset based lending.

In addition to the market reviews, this year's WFY also includes specialist articles by, amongst other contributors, UK Finance's associate members HPD Lendscape (on the importance of agility in the post-pandemic world), EQ Riskfactor (on the role of technology in receivables finance risk management) and Hill Dickinson (on the impact of Brexit).

UK Finance members, associates and stakeholders can receive a 25 per cent discount using the code UKFWFY2125 when ordering the WFY from www.bcrpub.com/publications.