Yorkshire furniture manufacturer receives six figure loan to back expansion plans

A Yorkshire furniture manufacturer has announced that it has received a six-figure investment to help continue its growth.

Shackletons, based in Dewsbury, received the loan from NPIF - FW Capital Debt Finance, which is a part of the Northern Powerhouse Investment Fund.

The loan will be used to help the business deal with the disruptive effects of coronavirus and to increase the capacity and range of its products, as well as continue its planned expansion.

The deal was facilitated by FW Capital’s deputy fund manager Keith Charlton and investment executive Steve Teasdale.

Keith commented: “Shackletons is a well-respected brand that has traded for over 60 years.

“With a great reputation for quality and bespoke expertise and a fantastic growth plan already paying dividends, we are confident this NPIF & CBILS funding will allow Shackletons to flourish and fulfil their potential.”

Sir Anthony Ullmann, Shackletons chairman and CEO, added: “We are delighted to have secured the backing of FW Capital through the Northern Powerhouse Investment Fund and CBILS.

“Shackletons has a proud heritage of innovation, quality craftsmanship and superb customer service. This funding will allow us to meet our target for growth and to continue delivering our excellent products to our increasing number of customers.”

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