The UK machine tool business of 600 Group Plc, Colchester Machine Tools Solutions, has secured a £1.2m new-term loan with a three-year bullet repayment under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).
This loan will help provide headroom in funding the business through the effects of the COVID-19 pandemic. Paul Dupee, executive chairman, states: “These are unprecedented times. We have taken decisive action to ensure our workforce and technical competencies remain intact through this period of uncertainty so that the group can react quickly as markets improve.”
For further information www.600group.com