Dairy wins £1.25M funding to back expansion plans
BV Dairy is to create 16 jobs as part of a £1.25M finance package from HSBC to fund its expansion plans.
The Shaftsbury dairy planned to equip a new chill store, expand its processing department and recruit new staff. The new roles will be split equally between the two.
The firm planned to invest £500,000 to equip a new 900m2 chill store with a modern refrigeration system. HSBC has agreed a £750,000 term loan to expand the dairy’s processing department.
BV Dairy financial director Vaughan Heard said: “Operating from our own chill store means we are able to consistently improve the service we offer our customers, which is something HSBC has been particularly supportive of.
“We are striving to become a greener business and one that doubles in size in the next three to five years. This ambition won’t become a reality without the support and guidance offered by the bank.”