13 JUL 2012

Yorkshire entrepreneur and Chairman of Ginetta Cars, Lawrence Tomlinson has pushed his campaign for better business funding into top gear, following a visit by Business Secretary, Vince Cable to his LNT Group headquarters last week.

The ministerial visit, which covered a tour of the Ginetta Factory and a test drive of their 3.7 litre V6-engined G60 supercar, allowed established businessman Tomlinson to highlight to the Secretary of State for Business, Innovation and Skills (BIS) that despite Government promises and incentives, banks are still refusing to back businesses struggling to work out of recession.

In a recent speech at the Society of Motor Manufacturers and Traders International Automotive Summit, Cable said he was making a point of trying to get round all the volume vehicle manufacturers and motorsport companies.

In reaction to this, Tomlinson invited Cable to Ginetta’s Leeds’ base, where the company produces around 200 road and race cars each year – consisting of their G40R ‘Race car for the road’, G60 Supercar, as well as the G40, G50, G55 race cars which compete in Ginetta’s single-make championships across the UK and the GT4 and GT3 machines, challenging on the world motorsport stage.

During his visit, Cable said; “Over the last 18 months, vehicle manufacturers have made investment announcements of over £5 billion in the UK. This visit is an opportunity to highlight the success of companies such as Ginetta, which are experiencing growth, exports and research and development.”

Tomlinson’s LNT Group employs 2,000 people, so he took the opportunity to drive home his concerns over the lack of finance for business, and the inevitable damage this is doing to the British economy, Tomlinson said; “SMEs are the lifeblood of the UK economy and if our experience is typical then some firms must be really struggling to access finance for growth and job creation.”

With a number of apprentices working alongside staff with years of motoring experience under their belts, Ginetta hit a significant milestone in their manufacturing process last month, as Tomlinson led a convoy of G60 and G40R’s into Le Mans ahead of the famous 24 Hour race, which included BTCC star Tony Hughes in his brand new Ginetta G60.

Watch a video of the visit here.