Glynn Richards of AEG Teachwall Limited, a Merseyside-based SME that imports aluminium and specialist engineering parts from China, commented on the news. Mr Richards said: “Today’s commitment is reassuring for a business like ours. Despite some broader economic uncertainty, we’re keen to invest in new machinery in our main factory to keep on growing our business. With Barclays’ support on this front, I feel that we can invest with confidence, hire more people and hopefully expand across the North West and beyond."
More details on the lending fund, and Barclays’ broader range of support for SMEs can be found at https://www.barclays.co.uk/business-banking/.