Wrightbus Secures £150 Million from HSBC to Accelerate Fleet Decarbonisation

Image Credit: Wrightbus

Wrightbus, the iconic bus manufacturer saved from near-collapse in 2019 by Jo Bamford, has just secured a £150 million finance package from HSBC UK. This funding is a game-changer, fueling the company’s efforts to ramp production and decarbonise its transport fleet networks worldwide.

With over 2,300 employees and an impressive annual output of 1,200 buses, Wrightbus is rising. The deal includes crucial hedging and working capital support — key elements in powering the company's ambitious long-term production goals. This investment will help speed up manufacturing at their Northern Ireland and Malaysia factories, pushing strongly toward increasing output and supporting sustainable transport innovation for the future.

Wrightbus CEO, Jean-Marc Gales, said: "This is an important day for everyone connected with Wrightbus—not just the 2,300 employees but also the 7,500 jobs we support in the wider supply chain."

"Our success is crucial to so many jobs and industries, so we must work relentlessly to keep up this progress."

"This deal is a crucial step as we accelerate our growth and invest in decarbonising public transport with electric and hydrogen-powered buses. Not only does it mean we can provide cleaner and greener vehicles to UK bus operators, it also provides us with foundations for broadening our international reach, with a particular focus on ramping up production in Malaysia as we expand into the Asia Pacific market."

Wrightbus Executive Chairman, Jo Bamford, explained: "With every new order and every entry into a new territory, we’re flying the flag for UK manufacturing."

"HSBC UK’s support and detailed knowledge of our industry will help us lead the way in a new era for buses as we expand our offering across the globe."