IGF delivers £16.3m to the manufacturing industry in first year
IGF, the leading commercial finance provider for SMEs, has delivered a total of £16.27m to SMEs within the UK’s manufacturing sector over the past year.
Since its management buy in/buy out in 2016, IGF has financed a total of 12 manufacturing businesses nationwide across a variety of trades including insulation, piping, FMCG, steelworks, household textiles, and windows. The funding delivered ranges from a £50k invoice finance facility to a £5m asset-based lending facility, with IGF funding assets including stock and property.
Funding includes:
• £10.2m delivered to three manufacturing firms in Yorkshire and the North West.
• Two businesses funded in the South West totalling £3.5m.
• £1.7m secured for businesses across the Midlands.
• Three firms in Scotland receiving £350k in funding
John Onslow, CEO, IGF, said:
“The UK’s manufacturing sector has historically been strong, and continues to show growth despite uncertainty over the current political landscape. We are delighted to be able to financially support the needs and ambitions of the country’s industrial business.”
Businesses and advisors seeking more information about IGF should contact the team directly.
