Britain's manufacturing sector still remains beleaguered as manufactures are unable to give off money to banks.

A survey conducted by the EEF engineering group has claimed that the amount of bank lending to the UK manufacturers has not marked a change in the preceding two months.

In addition, the survey posted that banks remained jittery because of fears over fragile recovery and augurs not to see a significant change in the short time.

Few firms have claimed medium to large businesses reported to have easy access to financial assistance, with the cost of new credit marking a marginal rise, the survey outlined.

However, the survey has insisted that small Companies are still scrambling to fetch a new lending source.

Some Companies have reported easier access to lending sources during July and August, the engineering group posted, however these include medium and large firms.

Moreover, a less proportion of manufacturers witnessed the cost of credit mark a rise, marking a fall from 34% touching 31%. However, new lending rates is claimed to have marked a 37% rise in its cost, compared to 32% from the last time.

"Despite the pick-up in the economy, too few companies are seeing a significant improvement in lending conditions", EEF Chief Economist Lee Hopley.