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ThinCats has partnered with The Manufacturer to offer £100m in funding to growing and expanding manufacturing SMEs
The £100m of funding will see our UK-wide network of Origination Managers supporting those companies in the manufacturing sector that require a level of capital to take their businesses forward, and prepare for 4IR.
Damon Walford, ThinCats CDO, highlights: "This is great news for fast-growing manufacturing firms. We have a proven track record lending to businesses operating in the manufacturing space, enhanced by our growing team of SME funding experts, each of whom have accrued an average of 20 years of relevant experience in the field, and are ready to help UK manufacturers to reach their full potential."
"With this much-needed funding, and with the expertise of The Manufacturer, we can look to raise the pace of our lending even further."
"ThinCats specialises in providing funding that, in many cases, the high street banks cannot. Whether it’s for working capital, acquisitions, asset purchase or refinancing, we will help to ensure that manufacturing continues to be the lifeblood of the UK economy by supporting growth across the sector."
Steven Barr the Managing Director at Hennik Edge, The Manufacturer’s networked expert advisory service, said: "We’ve heard from frustrated manufacturers who need a different kind of finance from what’s on offer in the high street. The Manufacturer’s new £100m of funding, backed by ThinCats, offers a great alternative for ambitious, growing SMEs."
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