The Manufacturing Agenda
99%
Funding friction; lender perspectives and board implications Although the UK has worked hard to create a supportive ecosystem for manufacturers, with a multitude of grants, funds, tax breaks and support schemes available, it’s well recognised that access to funding remains one of the most consistent challenges facing UK manufacturers. It’s an issue that the government has moved to address in its Industrial Strategy, which includes £4.3bn in funding, including up to £2.8bn in R&D programmes to spur innovation, automation, digitisation and commercialisation. However, almost every manufacturer we surveyed (99%) reported difficulties accessing funding over the past 12 months. For just over a quarter (26%), these constraints had a significant impact on operations or growth. A further 45% described noticeable challenges in securing new lending or refinancing options, while 28% experienced some tightening in availability, but manageable within existing facilities.
Of manufacturing decision makers reported difficulties accessing funding over the past 12 months
45%
A further 45% described notable challenges in securing new lending or refinancing.
17
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