“The only way for the UK economy to grow is to sell more abroad and bring in new cash,” said Chase.
“Banks aren’t, and haven’t been, lending to businesses and SME’s in particular. It’s a ‘Catch 22′ situation – the banks won’t lend until the situation improves and the situation will not improve until growing businesses can borrow money at sensible rates,” he said.
“It’s vital that government creates a lending stream for business but at the moment there are no schemes which particularly support proven exporters; who are most important to our recovery.”
Business lending fell by nearly 5 per cent last year to £429bn according to the Ernst & Young Item Club – this is the fourth consecutive annual drop.
The Coalition has introduced a series of schemes in an attempt to provide capital for business. The latest was David Cameron’s Supply Chain Finance scheme, which was proceeded by The Regional Growth Fund and Vince Cable’s Business Bank.
The Chase distillery has recognised the importance of exports since it produced its first bottle of international award winning bottle of vodka in 2008.
This month, Chase has launched William’s Great British Extra Dry Gin onto the world market. GB Gin is based on spirit of the highest quality: “Our first challenge as distillers was to create the world’s best vodka – Chase Vodka. And now we have used that as the base for the world’s finest dry gin,” said William Chase.
“By increasing exports the UK will create more employment at home and promote British products around the globe,” said Chase. “It’s all about quality of product; the world is ready to buy quality British products.”
“If the government could achieve this and demonstrate more success stories of Great Britain going somewhere then they would be re-elected, and so everybody can be a winner!”