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SMMT members to benefit from Barclays tie-in

The Society of Motor Manufacturers and Traders has today announced a new banking service for its members.

Barclays is offering an automotive industry-focussed relationship manager, a commission-free banking period, discounted business tariffs of up to 20% and free financial reviews. The package is aimed at SMMT member companies with a turnover of between £1m and £30m.

SMMT chief executive Christopher Macgowan, says: “The combination of reduced banking costs, along with access to a manager that understands the needs of the automotive sector in particular, is a unique offer that I am delighted the SMMT is now able to offer its members.

“The banking proposition with Barclays is the latest in our expanding range of services, increasing the value of the SMMT to businesses in the automotive sector.”

  • Other SMMT benefits include access to a free legal advice helpline, a quarterly European car production forecast and the launch of a technical advice line aimed at providing members with access to information on technical standards and regulations. To become a member visit
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