European Commission: Analysis of Use of Factoring

Greater London Enterprise (GLE) was commissioned in January 2002 by the European Commission (EC) Directorate General for Enterprise (DG Enterprise) to conduct a detailed analysis of the use of factoring within and across EU Member States.

The EC has a defined long term strategy addressing different aspects of the leading issues around access to finance by enterprises, with a special focus related to access to finance by SMEs.

This study, being undertaken on behalf of the Access to Finance Unit of DG Enterprise, forms an integral component of the EC's strategy to identify and stimulate access to finance for all European SMEs - and more specifically, and possibly most importantly, access to, 'appropriate', finance.

This study specifically investigates the incidence and appropriateness of the role of factoring in meeting European enterprise finance needs.

CLICK HERE to open a PDF file of the study.

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