Six-figure investment bolsters operations for commercial baker
A family-run commercial bakery in Coventry has invested a six-figure sum to add a state-of- the-art machine to its operations.
Handmade Speciality Products was set-up in 1987 and taken over by the Raeburn family in 2009 and now millions of single and multi-pack muffins, cookies, flapjacks, gingerbread, traybakes and cakes are manufactured each year from its base in Blackhorse Road, Exhall.
Around 120 full-time employees, plus between 10 to 50 agency staff, are involved in making their products for customers ranging from schools and universities to retailers and wholesalers across the UK.
The Coventry and Warwickshire Growth Hub facilitated an introduction to the Coventry & Warwickshire Reinvestment Trust (CWRT) who offered Duplex Investment Fund an innovative funding that offers a loan and a grant in one.
It’s an initiative delivered by CWRT and funded by Warwickshire County Council, Coventry City Council, Midlands Engine and Coventry and Warwickshire Local Enterprise Partnership (CWLEP).
The Duplex Investment Fund provides support to businesses looking to expand by investing in capital equipment with a loan, and then a 40% grant is reimbursed once the item has been purchased.
Sales director James Raeburn said: “The machinery investment will give us a new level of automation at the front end of our flapjack manufacturing process and is something we have wanted to do for a long time.
“The business is built upon being truly handmade on a scaled-up level and we have grown significantly over the last few years. Flapjacks have been a significant category of growth and to increase our output we have been looking at various options for automation.
“This machine will put the flapjack ingredients into a set tray and we will then take over by hand. We have carried out a number of trials with the manufacturer and we believe it will increase our capacity significantly when it arrives in the spring. The equipment will also enable us to upskill our workers in the factory which is positive for our long-term growth.
“We will still need the same amount of people on the production line but there is so much more that they can be doing with their skills”.
Laura Delahunty, business navigator at Coventry and Warwickshire Growth Hub, said: “We have worked with Handmade Speciality Products on a number of projects and this addition to their factory will mean they are able to produce higher volumes, increase and upskill staff and streamline their processes.
“We are here to make businesses in all sectors aware of the support that is available to assist their growth and make it as easy as possible to complete the application forms.”
