Backed by HSBC, the financing will allow the company to expand its manufacturing capabilities and support job creation.
Founded in 1924, Winkworth Machinery designs and manufactures industrial mixers for a wide variety of industries.
The deal follows a period of expansion for the manufacturer, including acquiring a new manufacturing site in Dudley in 2024. The Dudley site has increased production capacity, reduced lead times and supported Winkworth’s ability to meet growing customer demand.
With its workforce growing, the company has created new opportunities in engineering, production and management roles in both Basingstoke and Dudley.
The £750,000 facility in Dudley will help Winkworth Machinery to secure new contracts and continue its international expansion into markets such as the USA, Asia and the Middle East.
Richard Gale, MD of Winkworth Machinery said: One of the key challenges when expanding into new markets is managing the financial risk associated with international contracts. UKEF’s support has provided us with the tools to mitigate those risks, whether it’s through export insurance or financing for specific projects.
From a financial standpoint, UKEF’s support has been a key enabler of our international growth strategy. Their funding solutions have given us the liquidity to take on new export contracts without compromising our operations or cash flow. As a result, we’ve been able to scale our operations to meet the demand in emerging markets, ensuring that we can grow without taking on undue risk. UKEF’s backing has not only supported our expansion into new markets but has reinforced our belief in the viability of these ventures in the long term.
