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Dairy company that sells to Waitrose and Sainsbury's to create jobs after securing 拢750k

The Somerset creamery has relocated to a bigger facility and is planning to boost production

Rob Yates, chief executive of Tom Parker Creamery in Somerset(Image: British Business Bank)

A Somerset dairy business that sells to supermarkets including Waitrose and Sainsbury's is planning to boost production and create jobs after securing £750,000.

Tom Parker Creamery has used the cash injection from the British Business Bank's South West Investment Fund to relocate to a larger facility. The funding will also provide additional working capital and support further product development, the company said.

The Wincanton-based creamery, which was founded in 2018, produces free-range milk and cream from British grass-fed herds, including vitamin enriched whole milk and a flavoured milk range sold in glass bottles.

It has won various awards including a Great Taste Award and Farm Shop & Deli Best Product accolade this year.

Rob Yates, chief executive of Tom Parker Creamery, said: “With the current rise in awareness of ultra-processed foods, our range of award-winning products made with free-range British whole milk and natural ingredients mean we’re well positioned to satisfy consumer demands in this area. With this support, the investment enables us to deliver our ambitious plans and meet the rising demands from major retailers and consumers.”

The deal with Tom Parker Creamery is the one hundredth in the region for the South West Investment Fund, which has invested £40m into new and growing businesses across the South West since its launch last year.

The fund is part of the government-backed British Business Bank's £1.6bn suite of Nations and Regions Investment Funds (NRIF) which aim to boost the strength of the 海角视频’s SME sector. NRIF offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5m.

Jody Tableporter, director 海角视频 & Regional Funds at the British Business Bank, said: "We’re thrilled to see the South West Investment Fund make its 100th deal, delivering over £40m of investment since its launch last year. The volume of investments underscores the strength and ambition of growing businesses across the South West."