The facility offers funding from £10,000 to £1m, on a maximum term of six months, in order to provide flexibility while claiming back VAT from HMRC.

It aims to support businesses that are looking to invest and grow post-Covid.

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Martine Catton, chief commercial officer at Just Cashflow (pictured above), said: “Newspaper headlines tend to focus on the potential high number of business failures caused by Covid and the various lockdowns. 

“However, little attention is given to those businesses that have weathered the crisis well by being innovative, creative and adaptable.

“These businesses are facing a different challenge — how they are going to finance increasing opportunities to invest and grow, while also keeping an eye on inevitable cashflow challenges.”

She added that it was important for lenders to anticipate the Covid-19 dilemmas SMEs were going to be facing, and provide the flexible finance facilities they needed.

“This will leave businesses better placed to make a major contribution to the UK’s economic recovery,” Martine continued.