Britain’s manufacturing base today is the north-west of England and its biggest market for exports is the US, according to the ONS. It also has a significant impact on the success of other industries, such as R&D. Manufacturing industries spent £12bn on research and development in 2012, which was 70 per cent of the UK’s total spend.
For businesses in the industry, the manufacturing world is changing fast and opening up fresh possibilities, particularly where smart technological implementation is involved with its productivity and quality gains. With businesses in the east able to manufacture goods far more cheaply than in Europe, Britain’s manufacturers are now turning their hands to specialist, luxury and technical manufacture in which they can develop competencies and a competitive position.
Manufacturing sectors that are doing particularly well include car production and highly-technical instruments, such as those used for the medical industry. With Britain having a global reputation as a manufacturing hub, strength in exports, a favourable investment climate and a highly-resilient army of SME manufacturing businesses, the outlook for the future looks good.
Accessing vital finance
Manufacturing businesses of all sizes need to be able to access the finance they need to invest, thrive and grow. This can be challenging on the high street, where lending conditions are still affected; however, a new wave of specialist business-focused lenders offers an attractive alternative.
Ready to lend
We are open for business and have funds to distribute. You will receive a loan decision within 24 hours of submitting your quick online application, with the funds in your bank account the following working day.
Get in touch
Contact our helpful, industry-experienced team of finance experts to ask any questions or to discuss your specific situation. Alternatively, complete the online application form for an instant lending decision.
Whatever your business need, the right kind of flexible finance is available to you. We’ll carry out a needs assessment based on your requirements and circumstances and advise on the loan products we can offer you. Our team are experienced, helpful, friendly- and they don’t speak in jargon!
Get in touch for a no-obligation chat today and secure the business finance that you need.