Burleighs Gin secures £250,000 growth funding
A Leicestershire gin distiller business has secured a £250,000 investment to scale-up its operations and create new jobs.
Burleighs Gin secured the finance from the Midlands Engine Investment Fund (MEIF), provided by The FSE Group and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
The funding package will enable Burleighs Gin, based at Bawden Lodge Farm, Loughborough, to expand its operations. Five full-time jobs within its sales and operational functions will be created as the brand focuses on developing its premium brand gin range with two new products in the pipeline.
The funding will also allow the company to further establish its export sales – expanding its presence in Europe and the Far East, with further plans to expand into the United States.
Sam Watson, Commercial Director of Burleighs Gin, commented, “These are exciting times for Burleighs Gin as we have a clear vision as to where we wish to take our business. We are aiming to expand the brand overseas and continue to grow in the UK. We are due to launch two new marketing campaigns to support the forthcoming product launches and would like to extend our thanks to Chirag, at The FSE Group, for helping us to source the funding which will enable the business to pursue its growth ambitions and keep the day-to-day sales, distribution and operations fluid whilst we look to the future.”
Chirag Mistry, Fund Manager, at The FSE Group, which manages the MEIF Debt Finance Fund adds: “We are proud to have supported Burleighs Gin with its expansion plans. The job creation will have a positive impact on the local economy and further strengthen the future of the business. Through the Midlands Engine Investment Fund, The FSE Group is committed to providing finance for innovative Midlands’ businesses with the potential to grow.”