Joe Noble, co-founder and director at Pentrich Brewing Co, said:
“Since founding the business in 2015, we’ve built a strong recognisable brand as well as a base of really loyal customers. However, we were operating at maximum capacity and, in order to grow, we needed to seek extra help.
“We’re therefore excited to put the funding to good use, starting by investing in better equipment. This will enable us to make both keg and canned beer in addition to our existing range of cask beer, which will significantly aid our expansion and has helped us diversify during the COVID pandemic.”
Using finance from First Enterprise – Enterprise Loans, the fund manager responsible for the delivery of the MEIF Small Business Loans fund in the East and South East Midlands – Pentrich Brewing Co has be able to invest in new equipment and bolster its marketing and branding.
Kamran Hassan, business development manager at First Enterprise – Enterprise Loans, said:
“Joe and Ryan started thanks to a passion for good quality beer but it’s turned into so much more than a hobby business. With a local reputation for producing great cask beers, the brand has a massive amount of potential. We’re delighted to support the duo with MEIF funding and wish them the best of luck expanding the business.”
Lewis Stringer, senior manager at the British Business Bank, said:
“It is great to see this expanding business tap into support from the Fund. With this MEIF investment, the firm will be able to widen its product portfolio and unlock new growth. We’d like to take this opportunity to encourage other SMEs in the region looking to grow to check out the options available through the MEIF.”
Sajeeda Rose, CEO for the D2N2 LEP, said:
“At D2N2, we are pleased to see MEIF investing in a local business, helping it grow and bringing its products to a wider range of consumers. It’s businesses like Pentrich Brewing Co that will help the East Midlands keep its place as the fastest-growing local economy in the UK.”
The MEIF project is supported financially by the European Union using funding from the ERDF as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.