A Leicestershire-based cheese manufacturer has extended its headquarters and purchased new machinery after securing a £7m funding package from Lloyds Bank Commercial Banking.
Long Clawson Dairy is the largest stilton cheese manufacturer in the UK and has been producing award-winning cheeses since it was established in 1911.
The business uses milk from more than 43 local farms in Leicestershire, Nottinghamshire and Derbyshire to produce cheese that is sold to major retailers around the world.
Following an increase in exports to North America, the business turned to Lloyds Bank to support the extension of its Melton Mowbray site.
The extension was completed by construction company Lindum Group, which specialises in food manufacturing sites and has provided the business with the space to boost its capacity for future growth.
Long Clawson Dairy has also secured an asset finance facility from Lloyds Bank to enable it to purchase new, machinery to help meet the growing demand from its North American customers without impacting day-to-day cash flow.
Luke Goddard, finance director at Long Clawson Dairy, said: “Long Clawson Dairy started out as a small, local cheese maker and as we’ve expanded we’ve always kept that same ethos by locally sourcing all of our produce.
“It’s hugely rewarding to see our cheeses being enjoyed around the world, and the extended site and new machinery means we can continue to expand our business and share our products with more customers.
“Lloyds Bank has been instrumental in our growth and the team really understands our business values. We’re looking forward to working with them again in the future.”
Mick Papworth, managing director of Lindum Peterborough, added: “We’re proud to be associated with such a prestigious project, which further consolidated our good relationship with a local client.”
Andy Dunlop, relationship director at Lloyds Bank Commercial Banking, added: “It’s great to see two of our long-standing East Midlands customers, Long Clawson Dairy and Lindum Group, collaborating on this project and capitalising on the opportunities in the all-important North American market.
“We’re committed to helping Britain prosper which is why we’re supporting ambitious mid-sized businesses to continue to realise their growth ambitions both internationally and at home.”
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