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.

“Many UK manufacturers 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.” 

Ian Flaxman, Managing Director, Working Capital Solutions, Wyelands Bank

 

More insights

BDO European survey: the UK perspective


Stuart Lisle discusses three areas of change for UK businesses following results of the BDO European survey

Read More

BDO New Economy

Mid-sized businesses win the race for overseas turnover


Our research reveals that mid-sized businesses grew overseas revenues by 69% over the last five years, significantly outpacing large and small...

Read More

Five Thames Valley businesses looking to technology to boost productivity


We hear from five Thames Valley businesses on how they make the most of technology to boost productivity.

Read More