Glenton’s Bakery has revealed extensive expansion plans after receiving funding from Barclays.
The business, which was established in 2006, operates nine shops across Northumberland and is set to open an additional site in Blythe. The company also intends to invest in new kit and equipment.
“We’ve scaled up the business at pace and decided we had the capacity to launch a new outlet in Blythe,” said Managing Director Keith Glenton.
“We’ve also invested in new machinery which makes our operation a lot more efficient and environmentally responsible and we’re delighted that Barclays has recognised our potential and supported our growth plans.”
Turnover for the business is expected to reach £1.5m for 2020 and the business employs more than 50 people. Recruitment is also underway for a further eight employees for various roles across the business.
Jessica Cowan, Relationship Manager at Barclays, added: “Having the ability to grow at scale and pace is crucial for high growth businesses and this funding package will provide them with sufficient capital and liquidity to expand their offering and increase their capacity.”