A North Warwickshire manufacturer of precision-engineered aerospace components is reducing its emissions and energy usage with the installation of 13,000ft² of solar panels, supported by funding from Lloyds Bank.
Sheffield-based SCX group, which specialises in the design, manufacture and installation of specialist mechanical handling and lifting solutions, has won the Innovation Award at the Lloyds Bank National Business Awards 2019.
British businesses could have £593 billion locked up in excess working capital, potentially hampering growth and leaving them exposed to economic uncertainty, according to new research from Lloyds Bank Commercial Banking.
Commenting on the latest PMI data, Francesco Arcangeli, economist at EEF, the manufacturers’ organisation, said: “UK manufacturing PMI contracted to 52.8, down 1.4 since December as Brexit uncertainty grows.
Lloyds Bank Commercial Banking has reaffirmed its commitment to manufacturing firms with a £3 billion pledge to support the sector over the next three years.
Manufacturers are failing to take crucial steps to boost their productivity, according to a new report from Lloyds Banking Group and the Manufacturing Technologies Association (MTA).
Businesses in the automotive supply chain that need to invest in bespoke tools to complete contracts are to get specialist support, thanks to the launch of a new tooling finance product by Lloyds Bank Commercial Banking.