A £200,000 loan is enabling a micro-brewery in North Yorkshire to expand its distribution network and its range of real ales.
The funding from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, will help World Top brewery to develop new distribution channels and launch a number of new products.
The brewery was founded in 2003 by husband and wife Tom and Gill Mellor in a converted barn on their family farm. It now employs around 15 and the funding will allow it to take on two new staff including a full-time sales manager.
“Our aim is to become a sustainable business in every sense of the word – from using locally-grown ingredients and minimising our impact on the environment to the way we run the business,” said Mr Mellor.
“This funding will provide us with the working capital we need to pursue our plans and continue to grow and develop the business.”
Ian Atkinson, Investment Manager with Mercia, said: “Tom and Gill are not only pioneering a more sustainable approach to brewing but also creating high-quality products that build on Yorkshire’s reputation for fine food and drink. It is great to be able to support them with their growth plans.”
Grant Peggie, Director at the British Business Bank, said: “We are pleased that NPIF is continuing to unlock the North’s growth potential by supporting small growing businesses with vital investment.”