The onset of Industry 4.0, and the need to invest in new technologies and techniques, means manufacturers need good advice on the right funding methods.
Growth into new product lines, markets, and territories requires continual management of working capital and its funding.
Manufacturers need to ask themselves three key questions:
With automation and centralisation of banking services, especially for SMEs, access to a banker that knows your business is, and will continue to be, difficult to achieve or maintain.
To be successful, funding applications need to be increasingly comprehensive and anticipate lenders’ requirements.
Also the original deal that you struck for working capital funding could be overlooked as business grows and changes, which means some businesses find themselves paying more than they need to. It is common to find funding provision which might have worked for you in the past no longer does.
To make matters even more confusing, there continues to be a bewildering variety of government-aided funding and grant schemes which may or may not benefit you based on sector, product, customer, markets or, most frustratingly, postcodes.
At Crowe we have built a team of experienced and knowledgeable advisors who can give you sound advice independent of banks and other lenders.
If you are planning capital investment or growth, we can advise you on what government incentives may be available to you and on the best source of commercial funding.
We can also identify your working capital requirements and how to fund them.
If you have an existing funding stream, we can also provide a review of your facilities; a funding health check that is already saving many businesses thousands of pounds.
Please get in touch, if you would like to know more.