The Society of Motor Manufacturers and Traders (SMMT) has released further details for the session Finance for Growth at its fourth SMMT International Automotive Summit, to be held at Clifford Chance, Canary Wharf, on the 12 June, and forms part of the day-long Growth in the Supply Chain stream, supported by KPMG LLP.
A recent report by the independent think-tank, The Smith Institute, supported by SMMT, highlighted the wealth of opportunities for UK-based supply chain companies operating in a market worth £7.4 billion annually. The report also stressed that the main challenge for small and medium-sized companies remains access to affordable finance.
John Leech, Partner, KPMG LLP, will chair the session Finance for Growth focusing on three key insights – cash flow forecasting, structuring finance options and removing the risks around tax and pensions – in his presentation Preparing to access Finance.
UK automotive invests over £1.3 billion annually in R&D and is a global leader in low and ultra-low carbon technologies, creating enormous opportunities within the supply chain. Major projects, such as tooling for a new vehicle, tend to fall to firms with large internal resources, meaning smaller companies can often miss out. Richard Hill, Head of Automotive Sector, RBS Corporate Banking, will explore the opportunities for smaller businesses within the supply chain that are hungry to succeed, but rely on banks for support on major new investments.
Finally, Mark Bryant, Business Director, Business Growth Fund will introduce a new source of growth capital for fast growing UK SMEs and examine the range of equity finance available to enable companies to compete both nationally and internationally.
To discuss advertising, exhibition and sponsorship opportunities, please contact 0808 178 8818 or firstname.lastname@example.org.The event will be held alongside the Canary Wharf Motorexpo, which runs from 11-17 June. To find out more about this year’s Summit, click here.