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“It is an issue with all of the banks. They don’t have the capital to support business. It’s a very small amount of money to part with to keep my customer happy and keep my cash flowing so I can pay the best team and suppliers. URICA’s people are very easy to get on with, very helpful, and they give you plenty of advice on how to do it.”

- Roland Hudson, CEO at Interpower
EIA Member

How urica is working with the eia

Supply Chain Finance for eia members of all sizes.

URICA empowers EIA members, their customers and suppliers, to pay and get paid on the terms they want, releasing cash into the supply chain with zero debt and zero risk.

 

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The delays in paying invoices is a continuing serious problem for SMEs. Large companies are a problem and this action cascades down the supply chain. In addition with the lack of real financial support from the banks, these are issues the EIA has been lobbying on behalf of SMEs in meetings at the Bank of England, with Government departments and individual ministers. Cash flow and finance are vitally important to enable SMEs to invest, export and expand their businesses. Engineering is a growing UK industry with export demand stronger year on year, we see our partnership with URICA as an opportunity to support our members’ cash flow and support the continued growth in this industry.”

Sir Ronald Halstead, Chairman of the EIA

Calculate how much the supplier will receive

This is the price in the UK. There are no hidden charges.

Would you like to cover the cost when you pay suppliers over URICA? Give us a call to find out more: 0207 193 7616

£ € $
DAYS
DAYS

Enter invoice amount

For this invoice, URICA will pay the supplier

URICA Commission:

Our discount covers all costs: service, full credit insurance on each invoice and currency exchange risk

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URICA is a collaboration of world leading businesses.
Backed by

Euler Hermes, RSA and British Business Bank Collaboration