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Wrightbus receives further GBP50m loan guarantee from UK Export Finance

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By Bradley Osborne - 8th July 2023

UK – In June, Wrightbus Ltd of Ballymena, UK announced that it is receiving GBP50m in government-backed finance from Barclays plc to support its plans to export electric buses to Europe, North America, and Asia.

UK Export Finance has said it will guarantee 80% of the loan from Barclays to Wrightbus, following a visit to the Ballymena factory by Minister for Investment Lord Johnson. The Northern Irish bus manufacturer aims to grow its export revenues by nearly a fifth by the end of the year, tapping into existing markets in Singapore and Hong Kong and new markets in Germany and North America.

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