Bulletin

Right Blend of funds ensures firm's growth

Handshake - Blends receives £4.6m funding from Santander as an investment fund - SantanderCB

Liverpool-based Blends, one of the UK's leading manufacturers of specialist food ingredients, has received £4.6m in funding from Santander Corporate & Commercial and Merseyside Special Investment Fund. The backing, of which £200,000 came from MSIF through the Regional Growth Fund's High Growth Business Investment Programme, has been used to double the size of its manufacturing facilities on the Knowsley Business Park. The firm, which sells around 90% of its products to trade customers, recently won Small Business of the Year 2015 at the Knowsley Business Regeneration Awards. The expansion of its premises comes on the back of strong demand from an expanding customer list, and the support from Santander and MSIF will also be put towards boosting the 38-strong workforce by another 17 people. Phillip Roscoe, relationship director for Santander Corporate & Commercial, said: 'The management team at Blends continue to deliver strong year-on-year growth and we're delighted to be able to support them further. 'We have worked with the firm since mid-2014 and have been very impressed with the calibre and professionalism of the personnel and product suite.'

 

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