Wyelands Bank Access to finance report - Spring-2019
Helping the UK’s mid-sized manufacturers to unlock growth
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