A £2.5m boost has been received by a vegan beauty products maker which is targeting a turnover of £20m by the end of its next financial year.
Cynergy Bank provided the loan to Radcliffe-based Faith in Nature whose products are sold by the likes of Holland & Barrett and Boots.
The loan will enable the company to develop new manufacturing and business premises, having outgrown its existing site.
READ MORE: Vegan beauty products maker Faith in Nature targets sales growth after increasing staff numbers
The company said the development of the new site provides space for future sales growth and more jobs.
The business, which can trace its roots back to the 1970s, has been supported by GC Business Growth Hub since 2015.
Faith in Nature managing director John Allaway said: "We have been working with Cynergy Bank for a number of years and have found them understanding and collaborative during our challenging journey.
"It’s good to work with a bank with the same entrepreneurial mindset and with people who put in the extra effort to support the business at the critical pinch points. It feels like we are working in partnership with them.’"
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Cynergy Bank relationship director Matt Cross added: "I am delighted to support Faith in Nature with loan funding for their new business premises. It was evident from my initial site visit that the business had outgrown their longstanding factory.
"The business continues to grow and it’s exciting to be involved in this environmentally focused enterprise.
"They aim to achieve BREEAM Outstanding on their new premises which is an impressive target.
"This considers energy efficiency and sustainably of the build to aim for top 1% within the country."