Forrest secures an amazing £1.2 million funding
Published on: March 6, 2019
We are very excited to share that Forrest Fresh Foods has secured £1.2 million funding from the Barclays Northern Powerhouse Growth Fund and UK Export Finance, that will be used to expand our business further.
We have come a long way in our two decades in business, from a small fruit and vegetable wholesaler to one of the largest independent wholesalers in the country.
The last few years in particular has seen enormous growth for the Forrest Fresh Food brand, having successfully become one of the largest soft drink and confectionery suppliers, we have expanded our product range to include toiletries, household products, groceries, pet care products, medical produce and alcoholic beverages.
Our delivery capabilities have also expanded, with the opening of a southern office in 2016 and with the introduction of our new Export service, we are able to deliver to customers anywhere in the world, taking care of the entire process on behalf of our customers.
This rapid expansion has led the Forrest team to expand hugely, now with 46 employees working within our Northern and Southern offices, not to mention the growth we have seen in our turnover, rising 28% from 2017-18 to £36.46 million.
Chris Craven, Managing Director here at Forrest, has said of the funding: “We’ve been growing organically since we started out in 1996 and have worked alongside Barclays for many years. This new funding deal has enabled us to invest in new plant and distribution to support our rapid expansion plans. We’re thrilled that Barclays has been able to support us with very tailored funding solutions for our continued growth plans and to take the business to the next level of our trading ambitions.”
The funding package that we have received was put together by Barclays Relationship Director, Shamir Patel, who has said: “Forrest Fresh Foods is a great example of a thriving business that is expanding for the future and contributing to the local economy. The new funding from our Northern Powerhouse fund has enabled the company to invest in critical areas that are needed to support the business’ growth ambitions.”
With this funding we look forward to further expansion into other product markets, as well as reaching more customers across the globe. You can keep up to date with our progress by following us on Twitter, LinkedIn and Instagram.