Understanding the sector

Manufacturing is a capital-intensive industry that provides its own particular working capital demands, while Britain's position at the forefront of high-value engineering demands heavy and consistent funding for research and development to keep us at the top of our game. Manufacturers are leading the charge for UK exports as firm's look to emerging markets to supplement domestic growth and hedge against a sluggish Eurozone economy. This requires specialist products to protect and support businesses when exporting overseas. Our team at Lloyds Bank is committed to ensuring that our relationship managers and directors know manufacturing and its dynamic challenges inside-out. That's why we set up a comprehensive manufacturing awareness programme with the renowned Warwick Manufacturing Group back in 2011. The initiative provides real insight into how these companies are impacted by the decisions that banks make and how we can best support them. The training covers key areas of understanding from export finance, complex manufacturing supply chains, techniques on good factory floor practices such as 5S and specific government initiatives aimed at supporting the sector. The results of the project have been outstanding. We've trained over 200 managers, who have supported more than 2,500 businesses. This is part of Lloyds Banking Group's commitment to support manufacturers by providing £4 billion of extra sector funding in the four years to 2017. With this knowledge and experience, our team can provide funding and banking products that will meet the specialist needs of a manufacturing business, including export finance, working capital and loans. While the economy may be recovering, recent volatility demonstrates the importance of remaining agile and having access to specialist sector support. Lloyds Bank remains fully committed to ensuring that manufacturers are in the best position to meet challenges ahead and capitalise on market opportunities.