Working Capital Increases, Barclays Northern Powerhouse Growth Fund & Business Confidence – BFB 217
By Rob Warlow
Working capital is the life-blood of a growing business and yet having too much cash tied up can be detrimental. We open our latest Bulletin by reviewing the latest Working Capital Index survey from Lloyds Bank which reveals a disproportionate increase in working capital compared to sales over the past 12 months. Banks continue to launch funds focused on certain sectors and regions. The latest fund announced is the Northern Powerhouse Growth Fund from Barclays Bank, which, as the name suggests, is designed to support growing businesses in the North of England. How could the fund benefit you? We close by looking at the monthly Lloyds Bank Business Barometer. The findings from the May survey provide further evidence that business confidence levels continue to improve with the Lloyds Index now above the long-term average.