Growth in borrowing among advanced manufacturers (28.6%) has outstripped more conventional manufacturers (20.1%) over the past five years, driven by an increasingly appetite to grow capacity and bring in new technologies.
For businesses in longer-established sectors that no longer see double-digit growth rates, a lack of funding to invest in new equipment could hit productivity, warned ABFA. The UK’s advanced manufacturers have seen their borrowing jump more than 10% to £65.1bn in the past year, according to research by the Asset Based…
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