• Lending to manufacturers grew by 9.2 per cent in the last 12 months, in contrast to a wider 1.8 per cent contraction overall in UK business borrowing.
  • UK business deposits for non-financial companies grew by 2.3 per cent in the last 12 months.

Commenting on the data, Stephen Pegge, Managing Director, Commercial Finance at UK Finance said “Monthly net lending to businesses returned to positive in June, driven by continued growth in borrowing in the manufacturing sector. However,  the broader picture remains mixed, with ongoing economic uncertainty impacting on firms’ appetite to borrow and invest in the long term.”