back and not pay for funds they ’ re not using . It ’ s a really simple and easy to use but flexible product that suits the needs of growing small businesses .”
Growth Street and manufacturing With the Funding for Lending Scheme expiring in 2018 and net lending to SMEs having declined by around £ 7bn since it was first introduced , it ’ s clear businesses will face a massive challenge to access the funding they need going forward . Speaking specifically about the manufacturing industry , what kind of issues has Carter seen ?
“ There ’ s a real correlation between the problems manufacturing businesses have in getting access to capital and our productivity challenges in the wider economy ,” Carter continues . “ One of the things we often find with manufacturing businesses is that they ’ re looking to access funding to invest in plant and machinery to drive productivity improvements . I was talking to a second-generation cardboard box manufacturing business recently that ’ s looking to borrow a significant amount
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