NEW MANUFACTURING PARTNERSHIP TO FUND BUSINESSES GROWTH PLANSUncategorized
Made In The Midlands - a well know established local manufacturing support group has announced an exclusive partnership with Lloyds TSB Commercial Banking
The 12 month patronage will see Lloyds TSB Commercial Banking work closely with the private sector group who has over 250 member firms. The bank will seek to work in partnership with the group adding value to its members in areas such as outlining access to funding / international trade / news bulletins etc - recognizing the need to grow and develop what is a fundamental sector to the UK economys resurgence.
The partnership kicks off with the banks attendance at next months Made in the Midlands Manufacturing Exhibition, held at the Wolverhampton Racecourse on May 2nd
Made in the Midlands advocates the manufacturing industry by providing a platform for firms to improve, source and collaborate with other local businesses. Its members created 800 new jobs in the region last year and generated a collective annual turnover of £3 billion.
Lloyds Bank Commercial Banking has delivered £700million to manufacturing firms over the past six months as part of a £1 billion commitment that was set in September 2012. The Bank is now on course to beat the £1billion Commitment target. It has also put over 100 managers nationally through an external accreditation programme in Manufacturing at Warwick University
Mike Middleton, Relationship Director at Lloyds TSB Commercial Banking, said: Made in the Midlands is a respected and growing local organization that provides manufacturing firms in the region with the tools to succeed, and this new partnership reflects our commitment to supporting local manufacturers.
The upcoming exhibition event is the biggest of its kind for manufacturers in the West Midlands, and we hope our partnership here helps evidence our desire to work more closely with manufacturing business in general across the Black Country and West Midlands
Charles Addison, director at Made in the Midlands, said: The fundamental aim of Made in the Midlands is to support manufacturers and unlock essential finance avenues, and we are looking forward to developing some innovative ideas on our new partnership with Lloyds which we are sure will be of interest to our members
The manufacturing industry is the cornerstone of employment generation and economic growth in the West Midlands, and working with partners like Lloyds Bank and holding these events means local firms have the opportunity to build a network to help them develop a sustainable future.