Vegan beauty products maker Faith in Nature secures £2.5m boost
A £2.5m boost has been received by a vegan beauty products maker which is targeting a turnover of £20m by the end of its next financial year.
Cynergy Bank provided the loan to Radcliffe-based Faith in Nature whose products are sold by the likes of Holland & Barrett and Boots.
The loan will enable the company to develop new manufacturing and business premises, having outgrown its existing site.
The company said the development of the new site provides space for future sales growth and more jobs.
Faith in Nature managing director John Allaway said: “We have been working with Cynergy Bank for a number of years and have found them understanding and collaborative during our challenging journey.
“It’s good to work with a bank with the same entrepreneurial mindset and with people who put in the extra effort to support the business at the critical pinch points. It feels like we are working in partnership with them.’”
Cynergy Bank relationship director Matt Cross added: “I am delighted to support Faith in Nature with loan funding for their new business premises. It was evident from my initial site visit that the business had outgrown their longstanding factory.
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