Hydraulics and pneumatics supplier powers growth through six-figure funding package

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Derbyshire-based hydraulics and pneumatics supplier Shepherd Hydraulics & Pneumatics has received a six-figure funding package from NatWest to support future growth.

The £200,000 deal will help the family business, run by Ian Shepherd and his sons, to develop its ambitious plans and expand its workforce.

Shepherd Hydraulics & Pneumatics specialises in a range of hydraulic components and machinery, including the supply of hydraulic hoses, pumps, power packs and cylinders.

The bank’s funds will help support the creation of two roles within the business.

Ian Shepherd said “We are a very ambitious company with exciting plans for the future, and the funding package from NatWest has enabled us to turn these ambitions into a reality, helping to drive the business forward.

“It is also a time of change, as my sons’ responsibilities are growing, and they are putting their own stamp on our business offering. They will begin to take the lead and push our services forward through the guidance of myself and NatWest, and it’s fantastic to see how things are progressing.”

Lucy Dykes, relationship manager at NatWest, said: “It’s been highly rewarding to work with Ian and the team at Shepherd Hydraulic & Pneumatics Ltd. We firmly believe in their plans for the company and were quick to build a strong relationship to get the best deal for the business.

“The way we all communicated and worked together to create a tailored funding package was seamless and I’m confident the deal will allow them to grow in new and exciting ways.”