With the banks reluctance to lend, despite what seems any amount of government help, companies in all sectors especially the glass industry are going to have to start taking a lateral look at their funding needs and whilst the latest measures sound great we will have to wait and see if the support gets to where it’s needed.
The glass industry might not be growing at the same pace it has done over the last few years but as we’re technically out of the recession businesses still need to keep moving forward.
Often companies completely overlook the benefits of equipment leasing that compliment any existing bank facility especially in the current climate. Mark Johnson, director of Manchester based asset finance company Johnson Reed, suggests the way in which the glass industry funds expansion needs to be given a thorough overhaul.
