Cheese manufacturer secures six-figure-funding deal

A Shropshire-based cheese manufacturer has secured £1m in debt funding from the Midlands Engine Investment Fund II, through its fund manager, Frontier Development Capital (FDC).

Nantwich Cheese Company supplies a variety of sectors, including catering and hospitality, schools, hospitals and food manufacturers. It also produces cheeses for retailers, such as Aldi’s own-label range of waxed cheeses.

The company sources its cheese from both British and continental producers, processing and packaging the products at its Whitchurch facility.

Founded in 2009 by Wayne Morgan, who has over 40 years of experience in the industry, Nantwich Cheese Company later brought on board Wayne’s son, Luke.

Luke Morgan previously held senior roles in Nando’s grocery business and became CEO five years ago.

The new funding will be used to boost the firm’s growing order book.

Luke Morgan, CEO, said: “Our success lies partly in our ability to provide a one-stop shop and offer a full range of products at competitive prices. As a smaller firm we are also very nimble and can respond quickly to customers’ needs and offer rapid turnaround times. After years of steady growth, 2024 is turning out to be a bumper year for us. The funding will provide us with working capital to fulfil the growing order book and continue expanding the team.”

Beth Bannister, senior investment manager at British Business Bank, said: “Supporting Midlands’ businesses with access to the finance options that help them grow and succeed is exactly what the Midlands Engine Investment Fund II aims to achieve. This latest investment in Nantwich Cheese Company demonstrates the fund’s continuing commitment to growing and scalable businesses in the region.”