Entrust have been able to help Ashington based company Food Local Food with their expansion plans thanks to funding through the Regional Enterprise Loan Fund (RELF).
Food Local Food, an internet based shopping company that only uses local suppliers, delivers delicious food to homes and businesses within a 35 mile radius of Morpeth.
The company has ambitious plans to double their turnover through developing their website, boosting their marketing activity and expanding their operation. The company has previously worked with Entrust so when they needed help in finding funding for their plans they knew where to turn.
Alison Taylor, Managing Director, said:
“Food Local Food launched in March 2008 and we have steadily built up the company. We are keen to grow the business further and so once the business plan for the expansion had been completed we needed to source finance to help fulfil the plan
“The staff at Entrust were quick to respond to our application, and understood our ideas for growth. Now we have received the funding we have been able to develop our website further and we are now going to embark on a marketing campaign to raise the awareness of the company and drive people to the website. Our short term plans will also see us taking our business model into other regions.”
RELF is a £2.1 million fund managed by Entrust, in partnership with North East Business and Innovation Centre and Finance Tree, on behalf of One North East. RELF is targeted at start-up and growing businesses in the North East of England which are unable to fully finance their borrowing requirements from traditional sources.
Andrew Miller, Funds Manager, Entrust said:
“Food Local Food came to us with a very strong business plan. The RELF fund is aimed specifically at start-up and growing businesses and we were very pleased to help the company as the funding will result in the continued development of the company as well as creating five new jobs.”
For more information on start up support and business growth and all of the services offered by Entrust, visit www.entrust.co.uk or call 0191 2444000.
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