Manufacturing could be key for growth says Lancashire awards sponsor
The Lancashire manufacturing sector can play a major role in
continuing to grow the UK economy, according to an industry
Andy Traynor, Senior Investment Executive of
FW Capital, said the industry had shown modest growth in comparison
with the service sector which offered an opportunity to boost the
economy for the rest of the year.
Figures released by the Office for National
Statistics last week showed the economy grew 0.4 per cent in the
second quarter of the year, an increase from 0.2 per cent in the
FW Capital manages the Northern Powerhouse
Investment Fund Debt Finance, an ERDF and EIB-backed fund which
offers loans of between £100,000 and £750,000 to businesses across
the North West.
It is also the category sponsor of the
Manufacturer of the Year prize at this year’s Be Inspired Business
Awards, the BIBAs, which holds its annual awards ceremony next
Andy said: “Lancashire is a great example of
where a strong manufacturing industry can be a driver for growth
across the wider economy.
“The growth we are seeing in the economy is
good news, but manufacturers offer an opportunity for even greater
growth and supporting them to be able to invest is a crucial part
of achieving this.
“FW Capital is working with manufacturers
across the Northern Powerhouse region to support this investment
and we are delighted to be celebrating the successes of the sector
through our sponsorship of the BIBAs.”
FW Capital is a UK fund management company
which provides tailored commercial investments to businesses across
the North of England, building long-term relationships which enable
it to continue to invest as companies grow.
The BIBAs holds its annual prize-giving
ceremony at The Blackpool Tower on September 14 with up to 1,000
members of the Lancashire business community expected to attend the
evening which will see 18 prize categories handed out.
Tickets for the event are now sold out.