Britain’s defense sector is struggling to secure backing from traditional banks, highlighting one of the challenges of meeting government targets to raise military spending. Defense groups instead are planning to meet OakNorth, Funding Circle, Allica Bank, Iwoca, Liberis and Simply Asset Finance.
| less than a minute read
UK defense suppliers tap fintech lenders to scale up production
“[Smaller defence firms] are being asked to increase their output and many have said they need more debt finance to farm their growth. However, in recent years these supply chain."
