The UK automotive industry has experienced remarkable growth over the past few years and is forecast to grow to an annual production of 2 million vehicles by 2020*. The road ahead could hold huge potential for ambitious businesses, particularly those with a bank ready to support them.
At Yorkshire Bank we've strengthened out commitment to automotive businesses like yours through offering the support of dedicated automotive team and customised financial solutions.
Our specialist automotive team has extensive experience of working across the supply chain and really understand sector dynamics. With a comprehensive portfolio of products and solutions at our disposal, including tooling finance , we know what’s required to support your business growth.
All loans subject to status and eligibility. Security may be required. Please refer to the Important information section.
*Society of Motor Manufacturers and Traders (SMMT), October 2015
Take a look at our case studies below to find out how we’ve helped some of our automotive customers to drive their business forward.
Cab Automotive Ltd invested in state-of-the-art equipment and bespoke tools with funding from the Bank.
Cameron-Price successfully completed a management buy-out after securing a multi-million pound finance package from the Bank.
Angstrom Engineering Ltd has secured a six-figure flexible facility to finance its business expansion.
Our tooling finance supports your investment in tooling development and helps you secure the additional finance to bridge the gap between the initial investment in a new product and the returns you eventually make. We can lend as much as 100% of the finance you need which means you could win new business, safe in the knowledge you have the funds to take it on. All loans are subject to status and eligibility.
Terms and conditions apply. All facilities are subject to status and eligibility. Over 18s only. Fees may apply. Please note that security may be required. Any asset used as security will be at risk if you break the agreement and may be sold to repay your debt. The products described may not be suitable for all requirements and circumstances. In accordance with its Terms of Business, the Bank is not providing advice in respect of these products. In addition, the Bank only provides information on the products, services and transactions provided by it or a member of the Bank’s group. It is your responsibility to seek any financial, tax and/or legal advice that you require. Any decision to enter into a transaction with us is on the basis that you have made your own assessment, with or without additional professional advice, of the suitability of the product for your requirements.