£6.5m investment takes Harrogate Spring Water to 'the next level'
Harrogate Spring Water has announced that a new bottling line which has gone into action following a £6.5m investment.
Harrogate Water Brands made the multi-million pound investment in the new plant with support from Enterprise Ventures SME Loans.
The company has increased sales by more than 60% in the past two years following its investment in a new line in 2014.
Now, the company has replaced thr original glass production line with a combination line, capable of handling both glass and PET plastic.
The Harrogate site will use the new Krones technology to provide greater production flexibility and substantially increase capacity.
Harrogate Water Brands began production in 2002, building on the town’s 400-year history of water production and now exports to countries worldwide.
The company has secured a £1m investment package from Enterprise Ventures SME Loans.
Jonathan Craig, investment director with Enterprise Ventures part of Mercia Technologies PLC, said: “Harrogate Spring Water is the fastest-growing independent brand in its sector and the company is successfully competing with the multi-national players, a considerable achievement given their large marketing budgets.
“The previous investment to increase production has clearly paid off, allowing the sales effort to push forward and opening up new routes to market both at home and abroad.
“This new investment will further boost capacity and should help the company take a step up to the next level.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity
When will our regional economy grow?
Creating a thriving North East construction sector
Why investors are still backing the North East
Time to stop risking Britain’s family businesses
A year of growth, collaboration and impact
2000 reasons for North East business positivity