manufacturing 19


Manufacturing: a key part of the economic recovery


The manufacturing sector in the South East remains a key part of the region’s economy, supporting a UK sector that employs 2.5 million people and generates £137 billion each year. The UK’s attempt at economic recovery is powered by exports and with almost 50% of exports coming from manufacturing, the sector is central to Britain’s prosperity, writes Peter Jackson, relationship manager for Lloyds TSB Commercial in Slough


A growing percentage of this market comes from exports to Brazil, India, China and other economies that were less affected by the 2008 global recession than those in the West. By supporting the UK’s position as the ninth biggest manufacturer in the world, it is obvious that the world still wants to buy British.


Help is at hand


A variety of trade and industry bodies are available to support those in the manufacturing sector. The Engineering Employers Federation, the Manufacturing Technologies Association and the Engineering and Machinery Alliance, for example, provide a variety of services which could help your manufacturing business flourish.


One of the advantages of membership of these bodies is networking, which allows you to meet with other similar businesses and share best practice. The annual MACH convention, which was this year sponsored by Lloyds TSB Commercial, brings together exhibitors and some of the best innovations and latest developments to come from the manufacturing technologies sector.


Beyond these industry bodies, a good finance provider should also form an important part of your support network to guide you through the variety of funding options open to you.


Our approach


At Lloyds TSB Commercial, we invest in our relationship managers to advance their manufacturing knowledge and give them


Please note that any data sent via e-mail is not secure and could be read by others. Lloyds TSB Commercial is a trading name of Lloyds TSB Bank plc and Lloyds TSB Scotland plc and serves customers with an annual turnover of up to £15M. Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500. Authorised and regulated by the Financial Services Authority under numbers 119278 and 191240 respectively. Licensed under the Consumer Credit Act 1974 under registration numbers 0004685 and 0198797 respectively. We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk


THE BUSINESS MAGAZINE – THAMES VALLEY – DECEMBER 12/JANUARY 13 www.businessmag.co.uk


a greater understanding of the challenges affecting the industry.


Through a collaboration with the University of Warwick, we have created an informed, sector-specific training programme for our manufacturing relationship managers. This improves their understanding of the sector’s supply chains and government initiatives. These are enhanced through regular site visits to learn about counterparty risk and supply chain interruption.


It means that our relationship managers have a greater understanding of the sector’s unique banking needs. They also have access to banking products which give confidence to plan success and support growth ambitions.


Funding growth


Whether it's overdraft facilities to make the most of an immediate opportunity or longer-term funding to support strategic growth, we have a range of flexible finance options and products to suit the sector’s needs.


With the growing focus on the export market, we also have international banking accounts which offer the flexibility, security and confidence to support overseas trade ambitions.


We’re determined to be the bank of choice for businesses of all sizes in the manufacturing sector. Our relationship managers’ knowledge of the sector and


the range of our banking services mean we can bring a vital commodity to the manufacturing sector – the commodity of confidence.


• The South East’s manufacturing sector helps support a UK-wide industry that provides almost 50% of the country’s exports


• Export strength means the sector is less impacted by the country’s austerity measures


• Fast growing markets in the developing world are accounting for a rising share of manufacturing exports


• The US remains an important market for the manufacturing sector and is showing signs of picking up this year


• The decline of sterling against other currencies makes the UK manufacturing sector very competitive


• Business confidence has improved in recent months and orders continue to climb


For further information on how we can work with your manufacturing business, see details below.


Details: Peter Jackson 07725-447503 peter.jackson@lloydstsb.co.uk


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