Britain’s SME manufacturers have urged the Government to improve their access to funding to enable them to achieve their full growth potential. A new survey by Make UK, the manufacturers’ organization, has revealed that around 66 percent of SME manufacturers in Britain expand or grow by re-investing past profits as they have no other funding options. However, 31% of them stated they would prioritize investment in developing products and improving capacity if they could access appropriate new finance. SME manufacturers need the new funding package as their scale-up challenges are pretty different from other businesses due to the high cost of heavy-duty equipment and industrial real estate.
