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The growth of automotive supply chain companies is being constrained by restricted access to finance according to a new report published today by the Smith Institute, commissioned by SMMT. Paul Everitt, SMMT Chief Executive, says, “A lack of expertise within the finance sector is holding back growth in the UK automotive industry. Vital opportunities for companies to grow and develop their businesses are being hampered, because banks have not responded quickly enough to the need for local knowledge and sector expertise.”
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