Wrightbus has said it will target sales of its hydrogen and electric buses in Germany, the US, Singapore and Hong Kong with the help of £50 million government-backed funding.
UK Export Finance has given the Ballymena bus maker a guarantee for 80% of a loan which has been provided by Barclays Bank. It said the move will give Wrightbus “critical working capital” and a more flexible way to deploy funds to support the business.
Initially, it is focused on breaking into new markets in Germany and the US, as well as growing its exports to Singapore and Hong Kong.
