Ian Flaxman, Managing Director, working capital solutions at Wyelands Bank outlines some of the challenges that mid-sized manufacturers face in raising finance.
Wyelands Bank was set up to help UK manufacturers to trade, grow and create jobs. It provides firms, typically turning over £10m or more, with finance based on the value of their assets, wherever they are in the supply chain.
In our video, we hear from Ian that the bank’s research shows how too many of these firms find it difficult to raise the finance they need to get to the next level. This not only constrains individual firms, but it has a knock-on effect on the whole economy, stifling growth and job creation.
For more information, read our insight on what actions manufacturers can take to unlock growth and opportunities.