Yorkshire e-commerce firm creates new jobs for European growth with £250k funding
A Yorkshire e-commerce business is set to grow its European sales after securing a £250k loan from NPIF - Mercia Debt Finance.
Total Racking Solutions, which is based in Normanton, supplies shelving and racking across a range of sectors, and counts Costa Coffee, Ocado and the NHS among its customers.
The funding from NPIF, managed by Mercia and part of the Northern Powerhouse Investment Fund, will allow Total Racking Solutions to expand on its existing European offering.
Already operating websites in French and Italian, the firm hopes to expand into other languages as well as create six new jobs to support planned growth.
Founder Keith Slinger commented: “Following the rapid growth of our business throughout Europe, we needed a quick funding solution and approached the Northern Powerhouse Investment Fund.
“The Mercia team really understood our needs and responded very quickly - the whole process took just weeks from start to finish. The funds will help us to expand into other European countries and meet the growing demand.”
Managed by Mercia and part of the Northern Powerhouse Investment Fund, NPIF - Mercia Debt Finance
David Wright, investment manager with Mercia, added: “Total Racking Solutions has built its success on quality products and speed of service. The company has sophisticated systems in place to fulfil orders and achieves high customer ratings with few returns.
“We were delighted to be able to react quickly to Keith’s request and help support its move into new territories within Europe.”
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