North Yorkshire food manufacturer creates 20 new jobs with £250k investment

A food manufacturing company based in North Yorkshire has expanded its product range and created new jobs after securing six-figure funding.

Richmond-based firm Holmesterne Foods has received a £250k investment from NPIF – Mercia Debt Finance, managed by Mercia and part of the Northern Powerhouse Investment Fund.

Established 33 years ago, Holmesterne Foods produces raw and cooked meats, frozen vegetables and ready meals.

The firm has capitalised on the recent rise in popularity of vegan food, creating meat-free alternatives for retailers such as Asda.

As a result of the funding, the firm has increased the workforce at its Brompton site by six people, as well as creating 14 new jobs at its expanded Leeming Bar facility.

Keith Tindell, managing director at Holmesterne Foods, commented: “Holmesterne Foods take pride in adapting to consumers’ needs and with meat-free alternatives on the rise, we have been able to utilize the loan by creating our own range of products.

“Not only this, but this new source of capital has also allowed us to create new jobs across both our facilities, scale up our operations and successfully fulfill an influx of new business.

“We’re now in an excellent position for further growth and we are excited to see how our new products will be received by the market.”

Paul Arthur, investment manager at Mercia, added: “Holmesterne Foods is a successful, independent business with a reputation for high quality products.

“Although it started out as a butchery business, it has grown and flourished by offering innovative products and is constantly developing new offerings to meet changing market tastes. This investment has allowed it to diversify ever further and meet the growing demand for vegan food.”

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