Manufacturers missing out on £10bn investment potential

24 April, 2024

In addition to the energy generation investment, the business also invested in new automation equipment to enable workers to focus on more value-added tasks and improve productivity.

Warren continues: “External finance enabled us to avoid comprising cashflow for working capital needs, while meeting our ambitions for growth. It can open doors for manufacturers and I would urge businesses to find out more and explore all the options. Keeping our lenders, Lombard and NatWest, involved in our business plans and ambitions from the start has meant they have been a trusted partner throughout, making it easier to access the right finance to suit our needs. It can seem overwhelming but it pays off if you find the right lender to support you on your journey.”

The figure of £9.2bn was calculated by estimating the average expected increase in investment (as a % of turnover) for each of the categories from chart 7 in the report, multiplying this by the average turnover of the sample. The survey asks manufacturers what their turnover range is to work out an average turnover of the sample.

The survey of 100 companies was carried out between 4 and 15 January.

Last year NatWest Group committed to provide £1bn in additional lending to UK Manufacturing to support the Net Zero transition.

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