SME lender Wyelands Bank has opened a new regional office on Albion Street in Leeds, Yorkshire.

The move is intended to help businesses in Yorkshire and the North East to gain access the right type of finance.

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The move follows Wyelands Bank’s appointment of Henry Wheeler to its working capital solutions team. Based in Leeds, Wheeler will focus on building the bank’s asset-based lending offer in the region.

Ian Flaxman, managing director, working capital solutions, said: “Small and medium-sized business owners want to meet decisions makers face-to-face. Our new regional office and director in Leeds enable us to serve better our customers that are based in these key locations.

“At Wyelands Bank, we take the time to get to know and understand the businesses we support, helping our customers to unlock growth. With a strong track record in asset-based lending and a solid understanding of businesses in the area, Wheeler demonstrates our commitment to our customers.”

Wheeler said: “Wyelands Bank is building a reputation as a bank that understands its customers and will tailor solutions to meet a firm’s specific challenge. I’m delighted we’ve opened our new office in Leeds and can help more businesses throughout Yorkshire and the North East to unlock growth.”

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Three quarters of mid-sized aerospace manufacturers feel their business is not a priority for their bank, according to research from Wyelands Bank.

The study of 305 UK mid-sized manufacturers turning over £10m-£300m revealed that nearly three quarters (71%) feel their business is not a priority for their bank.

Respondents included industry leaders in the machinery and components, computers and electronics, electrical equipment, and oil and gas sectors.

Wyelands bank is owned by SKG Financial Holdings PTE Limited which has been set up and funded by the Gupta family. SKG Financial Holdings PTE Limited is ringfenced and run with an independent structure and governance.