Norton Motorcycles (UK) Ltd

Legendary motorbike maker Norton Motorcycles (UK) Ltd will boost production of its bespoke bikes after receiving a Government-backed trade loan.

The Business Secretary Vince Cable made the announcement to the niche manufacturer based at Donington Park in Derbyshire.

The loan is the first of its kind and has been made under the Exports Enterprise Finance Guarantee Scheme (ExEFG).

It is one of four trade finance schemes promised as part of the Trade White Paper, a key part of the Plan for Growth. Under ExEFG, the high street bank Santander is lending £625,000 to Norton.

The funding will support the company’s plans to increase production to 1,000 motorcycles a year. It will also benefit Norton’s supply chain, of which 80 per cent is British.

Posted by bisgovuk on 2011-08-04 11:14:08

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