Food brand The Black Farmer Ltd has secured a £1 million funding line to expand into high street retail.
The brand has also secured specialist foreign exchange (FX) services from an independent SME funder. The additional capital supports the brand’s expansion into high street retail premises, and furthers the company’s mission to offer “premium quality, affordable British products”.
Established in 2004, The Black Farmer Ltd now has an annual turnover of £10 million. It partnered with Bibby Financial Services (BFS) to complete the funding.
Wilfred Emmanuel-Jones MBE, managing director of The Black Farmer Ltd said: “We’re a pioneering company leading the way for black British businesses and agricultural entrepreneurs. I’m passionate about maximising the untapped potential of small businesses and wanted to collaborate with a likeminded partner.
“We needed the confidence that our funder is both an expert in their field and committed to supporting our goals. BFS provided exactly that. They engaged with our ambitions from the start, working to understand our business.
“Their offer of an extended funding limit and a higher advance rate was a perfect solution and demonstrated their confidence in our business. We look forward to working with the BFS team as our business continues to grow.”
