We are excited to announce that LDF have become the first financial service provider to join the Commonwealth Trade Initiative. Established by the Commonwealth Enterprise and Investment Council, in partnership with AMPP Group, the CTI is a platform designed to connect buyers and suppliers across Commonwealth markets.
Through the service LDF will offer a range of asset and business finance solutions to assist businesses with pursuing their plans for growth. All are aimed at helping businesses to achieve investment in key business areas, whilst reducing the pressure on existing cash flow resources. Whether you’re an existing exporter, or completely new to exporting, LDF are able to provide a financial solution suitable for your business needs.
The Commonwealth Trade platform allows businesses to identify and connect with thousands of other business contacts throughout the Commonwealth, networking with potential customers, suppliers and partner organisations. Members will also gain access to up to date market intelligence across the member states.
How can the initiative support my business?
Made up of 53 members, the Commonwealth is one of the world’s largest markets for UK companies. It accounts for 15% of the world’s total exports, with intra-Commonwealth trade expected to surpass $1 trillion by 2020. Members can also generally expect a 19% reduction on trade costs when doing business with other Commonwealth members. A further benefit of the Commonwealth is that English is the common language used by all 53 Commonwealth countries, making communication a quick and easy process.
Peter Alderson, Managing Director of LDF, comments on the new membership, “LDF are pleased to be involved with the Commonwealth Trade Initiative. As the UK’s largest independent provider of SME finance solutions, we are passionate about business growth and are committed to ensuring that UK based business owners have access to the finance they require to develop and grow, both in the UK and abroad. With so much opportunity available for business growth within the Commonwealth and with such strong projects for success, assisting SMEs to be part of this is something we are proud to support.
Our facilities are designed to help with the financial challenges of a growing business, be that funds for investment in equipment, infrastructure and logistics or working capital solutions for financing specific significant costs (VAT and Corporate Tax). We very much look forward to playing a part in positive growth of UK businesses within the Commonwealth Trade Initiative.”Joining a number of other business service providers, this new relationship allows LDF to assist UK SMEs who are looking to expand and develop by selling their goods and services overseas.