Manufacturers are being urged to look beyond traditional commercial bank financing in order to expand their operations.
This is according to Kerine Golding, Assistant Vice President in charge of Alternative Fund Management at NCB Capital Markets.
She said there is not enough uptake of funding from private equity and alternative financing sources by members of the sector.
She argued that this is because the original owners of these businesses do not want to give a share of the equity to anyone else.
Ms. Golding asserted that it is better to give up a share in a business in order to get the capital needed for expansion than to keep 100% of it without growing.
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