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CNC machine tool specialist finds Affinity with new funding partnership
Nottinghamshire-based Affinity Asset Finance has agreed a major strategic partnership with one of the UK’s leading suppliers of CNC machine tools.
The deal will allow Sheffield-based T W Ward CNC Machinery (Ward CNC) to offer its customers a range of flexible machinery financing options, with Affinity acting as their own FCA authorised finance provider.
Neil Kimberley, director at Affinity Asset Finance, said: “We are delighted to announce our preferred finance partner status with T W Ward CNC Machinery Ltd, who are one of the UK’s leading suppliers of high-quality CNC machine tools across multiple engineering services.
“It has been over a year since we began working together and our partnership has continued to flourish as we have worked closely with Ward’s extensive customer base on a variety of finance solutions.
“We see Ward CNC as a valued partner to our business and we’re sure our relationship will continue to strengthen over the coming years.”
With over 140 years of heritage, Ward CNC currently employs over 30 people across its 5,500 square metre facility at Albion Works, Sheffield, and its dedicated sales showroom at Redditch.
It is the sole UK distributor for a number of the world’s leading machine tool manufacturers including Hyundai-Wia, Hartford, Soraluce, Takisawa and Hankook.
Simon Whitworth, Managing Director at Ward CNC, says: “Our new partnership with the team at Affinity is going to be hugely valuable to our customer base. Many of them will have already worked with Affinity to finance purchases from us since we began working together back in early 2022.
“This new partnership will help us to further develop our service offering and mean that we are not tied to any one lender or bank. Therefore, customers are assured that they can access the broadest range of funding/finance packages and deals available on the market, and we can offer extremely flexible terms and attractive finance arrangements for them. It is fantastic news for our customers and of course, for us here at Ward CNC too.”
Drax launches global foundation to boost grant funding
Global renewable energy leader Drax Group has launched the Drax Foundation to boost the grant funding it provides for non-profit organisations and social enterprises in the UK, US and Canada.
It will focus on Science, Technology, Engineering, and Maths education and skills development, and improving community green spaces, with priority being given to organisations delivering for under-served and under-represented groups, advance gender equality and support indigenous communities. The Foundation is said to be a key part of Drax’s community strategy, which is focussed on ensuring that the business delivers a positive impact in the communities where it operates. Drax CEO Will Gardiner said: “Launching the Drax Foundation is the start of an exciting new chapter in how we deliver positive social impact in the communities where we operate. Our ambition is to better support diverse organisations who are working hard to create the next generation of STEM students as well as those enhancing local green spaces and biodiversity. “We are passionate about giving back to the communities we operate in and we are proud of our past philanthropic work. Alongside the new Foundation, and as part of our new community strategy, we are also going to be funding energy efficiency measures for community organisations in the UK, supporting foodbanks around the world and expanding our Communities in Crisis Fund. Combined this is a step change in the support we deliver for people, nature and the climate.”