Make UK chief executive Stephen Phipson said: "We are now in such uncharted territory that what would until recently have been thought of as unthinkable is now very much the reality.
"While the support schemes in operation are providing significant support to the economy, there are some sectors and companies who are fundamentally sound businesses and were trading positively before the pandemic.
"Instead, however, they have now been driven to the cliff edge by the nature of this crisis and may not survive without direct Government intervention."
Anneliese Dodds wants to see action from the Government
Sky News
Shadow chancellor Anneliese Dodds added: “We have been urging the Government to face up to the challenges faced by many manufacturers during this crisis, not least because they have often been unable to access sufficient loan-based support.
“Manufacturing firms are often anchors of their local economies, not just directly but also through their supply chains.
“Although Government has signalled it may potentially be willing to provide equity in some situations, it lacks a strategic approach.”
A Government spokeswoman said: “Manufacturing is hugely important to the UK and will have an essential role to play as we recover from the coronavirus outbreak. The Government has put together a far-reaching package of support to help businesses through the coronavirus pandemic.
“We continue to regularly engage with businesses across all sectors, including those in the steel, aerospace and automotive industries.”
