The global construction market is predicted to grow by over 75% in the next 10 years, offering large opportunities for UK businesses operating in this sector. Construction contributes nearly £90bn to the UK economy, which is 6.7% of the total. The UK government also supports growth in the UK construction industry – it’s a huge opportunity, which already fuels 2.9 million jobs.

At Trade Finance Global, our team can not only assess and advise your business, but also suggest the most appropriate financing mechanism, working with expert funders and financiers to help bridge the gap in your supply chain. Construction finance is often difficult and time consuming to obtain, especially for tradesmen or businesses which need to tender for large building contracts.

Examples of construction finance:

‘Construction 2025’ infographic:

• Servicing a sizeable building contract as a micro or small enterprise
• Importing building or construction materials
• Procurement of aggregates as a supplier to the construction industry
• Purchasing specialist construction equipment through asset backed lending
• Providing working capital or cash advances for a building project
• Invoice discounting or invoice factoring for construction projects

Trade credit in the UK construction industry is undercapitalised and relies heavily on importing raw materials. Debtor days, on average, are around 20% longer in the construction (according to some recent research by BIS), meaning that the need for cash flow solutions in this sector are important.