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Stand-up paddle boarding firm to expand into American market

Beach - Windsurfing and stand-up paddle boarding equipment - SantanderCB

A designer, producer and supplier of windsurfing and stand-up paddle boarding equipment plans to expand further into key global markets after securing a £1m funding deal. Totnes-based Tushingham Sails wants to expand into the North American market and hopes that the funding package from Santander Corporate & Commercial will help grow turnover by up to 250% over the next three years. Founder Roger Tushingham said the funding would enable the business to extend and improve credit terms with its distribution partners in major growth countries, and to increase production. Murray Smith, relationship director, Santander Corporate & Commercial, said: 'This is an example of a local business which developed a niche product at a time when there was increasing demand and as such has been able to dominate the market.'

 

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