Manufacturers preparing to invest and grow

More than 50% of SME manufacturers are preparing to invest in new machinery and premises over the next six months, according to the latest Manufacturing Advisory Service (MAS) barometer.

The barometer surveys the views of more than 600 manufacturers about conditions in their business and forecasts for the future.

67% predict that their sales turnover will increase, whilst more than half have already seen an increase in sales in the first half of 2013.

Area director for MAS, David Caddle, said of the survey findings: “It is a reassuring finding and appears to meet the EEF's recent call for the sector to fund more research, innovation and export growth.”

Business and Energy Minister, Michael Fallon, added: “Business and Energy Minister Michael Fallon added: "It is particularly encouraging to see that confidence is returning and manufacturers are becoming more optimistic about their future growth.

"The findings are the latest indication that the economy is starting to head in the right direction, as we move from rescue to recovery”, he concluded.

Invoice Finance for Manufacturers

Is your manufacturing business looking to invest in the near future? Are you considering taking out an external finance facility to help fund expansion?

Invoice finance, which includes invoice factoring and invoice discounting, already helps provide thousands of manufacturers with the perfect financial platform to invest and grow.

Invoice finance works by instantly releasing up to 100% of the cash you have tied up in unpaid invoices. It also grows in line with your business growth, as the more invoices you issue, the more cash that becomes available.

Why not find out more about our invoice finance solutions specifically tailored for manufacturing firms. Alternatively you can drop us an email at info@skiptonbf.co.uk or give us a call on 0845 602 9354.