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Wyelands Bank Access to finance report - Spring-2019

Helping the UK’s mid-sized manufacturers to unlock growth

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<strong>Wyelands</strong> <strong>Bank</strong> - Growing <strong>to</strong>gether<br />

THE IMPACT OF POOR ACCESS TO FINANCE cont.<br />

FIGURE 2<br />

Our research shows that difficulties in raising <strong>finance</strong><br />

also prevent firms from entering new markets, investing in<br />

technology and moving <strong>to</strong> a new site.<br />

70%<br />

Some 70% of mid-sized<br />

manufacturing businesses<br />

from investing in new<br />

equipment or technology<br />

50%<br />

Half have also<br />

been held back<br />

from entering<br />

new markets<br />

When manufacturing is so critical <strong>to</strong> the UK<br />

economy, this lack of <strong>finance</strong> isn’t good enough.<br />

<strong>Wyelands</strong> <strong>Bank</strong> was set up <strong>to</strong> help firms address<br />

these issues. We focus on getting <strong>to</strong> know the<br />

cus<strong>to</strong>mers we work with so we can tailor the<br />

solution <strong>to</strong> the specific need.<br />

45%<br />

• 50%<br />

Some 45%<br />

have been<br />

Half prevented have also<br />

been from held moving back<br />

<strong>to</strong> from a new entering site<br />

or new premises markets<br />

5 | <strong>Access</strong> <strong>to</strong> <strong>finance</strong> <strong>report</strong> <strong>Wyelands</strong> <strong>Bank</strong> PLC

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