Wednesday, July 15, 2020

North Yorks food maker to scale up with NPIF capital

A £17.7 million North Yorkshire food manufacture has secured a £500,000 investment to bolster production and seed growth during the coronavirus crisis.

Richmond-based Holmesterne Farm is a leading food manufacturer with a focus on supplying the finest food products to customers in the retail, manufacturing and food service industries.

The firm has a strong relationship with major national supermarkets and recently won a large opportunity to manufacture sausages for Asda due to an increase in demand during the COVID-19 crisis.

The investment from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund will be used to increase production capacity and enable growth through a targeted strategy focused on food service. The activity has already created five new jobs.

It will also pay for the installation of a new £220,000 tray line and additional resources in sales and new product development, staff training and improved processes and controls.

Keith Charlton, Senior Investment Executive at FW Capital completed the investment together with FW Capital’s Investment Executive Alex Gent.

“Holmesterne is a long-established company with ambitious plans for the future. The funding has enabled the business to scale-up through increased production and investment in staff and infrastructure, while creating new jobs and safeguarding many more,” he said.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Lupton Fawcett strengthens York office

Yorkshire law firm Lupton Fawcett has strengthened its York office with two new appointments. Jaime Dodd has joined as a senior solicitor in the residential...

Gelder Charity achieves Charitable Trust status

The charity arm of Lincolnshire-based construction company, Gelder Group, has achieved Charitable Trust status. Over the course of 32 years in business, Gelder Group has...

£176m still to be distributed from Government Small Business Grant System in Yorkshire

Business rates experts at Colliers International are urging the Government to revisit its grant scheme for businesses - set up to help with the...

Job creating site wins outline planning approval

Stirlin has secured outline planning approval from West Lindsey District Council for its new development: Enterprise West Lindsey. Working in partnership with Castle Square Securities...

CEMEX to mothball Lincolnshire cement plant

Following a period of consultation with Employee Representatives and Unite the Union, CEMEX has today (14 July) confirmed it will mothball its South Ferriby...

Production ceases as Liversedge bed company reports COVID-19 outbreak

A Liversedge bed company has reported a Coronavirus outbreak at its factory after eight members of staff tested positive for the disease. High Grove Beds...

Related news

Lupton Fawcett strengthens York office

Yorkshire law firm Lupton Fawcett has strengthened its York office with two new appointments. Jaime Dodd has joined as a senior solicitor in the residential...

Gelder Charity achieves Charitable Trust status

The charity arm of Lincolnshire-based construction company, Gelder Group, has achieved Charitable Trust status. Over the course of 32 years in business, Gelder Group has...

£176m still to be distributed from Government Small Business Grant System in Yorkshire

Business rates experts at Colliers International are urging the Government to revisit its grant scheme for businesses - set up to help with the...

Job creating site wins outline planning approval

Stirlin has secured outline planning approval from West Lindsey District Council for its new development: Enterprise West Lindsey. Working in partnership with Castle Square Securities...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close