Our business was working at full capacity and we recognised that in order to continue to meet demand , it was vital to upgrade some of the machinery we were reliant upon .
during a particularly challenging time for many companies .”
Melanie Ellyard , Senior Manager , British Business Bank said : “ This investment into Hull Boxes & Packaging exemplifies the work that NPIF is doing across the North of England . By supporting businesses with the funds to recruit new staff and move premises , we are creating a more prosperous regional economy for the future , and in turn helping to reduce the regional disparities between the North and the South .”
“ We ’ ve worked with Choice Business Loans previously and they were able to help us secure funding with Finance For Enterprise . The process was simple and straightforward and as a direct result of the funds we ’ ve received , we ’ ve been able to expand our workforce and we ’ re also hoping to invest in the next generation by creating new apprenticeships in the summer .”
Sharon Cook , Loan Adviser , Choice Business Loans said : “ Like many businesses , Hull Boxes & Packaging had been initially rejected from accessing support through the CBILS lending scheme ; however , after researching different CBILS providers I approached Finance For Enterprise . My Investment Manager Tim Daniels listened and after discussing the business ’ s plans and the impact the investment in machinery would have , not only in terms of productivity but job creation , Tim was able to put the finance in place to help Richard overcome the challenges posed by COVID-19 . In my experience , many lenders often tend to look for reasons why not to lend to a business ; Tim ’ s approach was incredibly refreshing . He provided constructive feedback on the application , kept us updated throughout the process and within a matter of weeks , Richard was able to draw down the vital funds his business needed .”
Tim Daniels , Senior Investment Manager , Finance For Enterprise said : “ As more and more businesses invested in online sales , demand for packaging boomed during lockdown , but for businesses like Hull Boxes & Packaging , this brought about additional pressures . The CBILS loan scheme was created to help businesses to successfully navigate their way through the COVID-19 pandemic . For Hull Boxes & Packaging this meant responding to the challenges posed by a full order book and managing supply chain pressures .
“ The support has helped Richard ’ s business to enjoy a record year of growth , and the funding provided by NPIF and Finance For Enterprise has helped the business to adapt and successfully evolve
Hull Boxes & Packaging was founded by Richard Britton in 2013 after spending more than 20 years working in the packaging industry . The company specialises in delivering bespoke packaging to businesses across the UK and specialises in the conversion of corrugated board and plastics used within the food and drink industry .
Finance For Enterprise provides a range of tailored loans up to £ 250,000 , aimed at supporting SMEs throughout Yorkshire and the North Midlands . The company is a delivery partner for the British Business Bank-backed Coronavirus Business Interruption Loan Scheme and acts as fund manager for the Northern Powerhouse Investment Fund and Start Up Loans UK .
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund ( ERDF ) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank .
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