Publisher's Synopsis
The Industrial Finance Initiative, begun in September 1993, was a review of finance for industry conducted by the Treasury. This report comments on aspects of evidence taken from the Economic Secretary to the Treasury on the Initiative's outcome which relate to both large and small firms and to the major financial institutions. Among the conclusions: firms requiring high internal rates of return on investment or short payback periods; UK manufacturing investment has been strongly cyclical; and much higher investment levels were essential if UK manufacturing's competitiveness was to be maintained and a sustained increase in output achieved.
