Food photography business hungry for growth with finance boost
A Yorkshire photography and video business whose clients include major supermarkets and food producers has landed £250,00 in funding to ramp up its expansion plans.
Powerhouse is a creative content studio specialising in high-end commercial food, fashion and lifestyle photography and video content for global brands and retailers.
The funding will enable it to move into larger premises close to its existing base in Leeds and expand its team.
Founded in 1998, Powerhouse employs 20 and plans to take on five more staff in the next two years. It is currently led by managing director Neil Adams.
The funding was provided by NPIF–Mercia Debt Finance, part of the Northern Powerhouse Investment Fund.
Grahame Lunt, investment manager with Mercia Fund Managers which manages NPIF–Mercia Debt Finance, said: “Powerhouse is the largest and most established business of its type in the UK, with many long-standing clients. The company’s expertise and its location outside of the capital gives it an advantage over its London-based competitors. The funding will help it to buy and fit out new studios which will be large enough to accommodate its growing team and allow it to expand its activities in other areas including the fashion industry.”
Roger Marsh, chair of the Leeds City Region Enterprise Partnership (LEP), added: “I am delighted to see businesses from the region accessing and benefiting from support from the Northern Powerhouse Investment Fund. Investment from NPIF helps to accelerate the growth of SMEs across Leeds City Region and will ensure the region is the best place in the UK to start, develop and grow a business.”
