Sheffield hygiene product wholesalers Hygequip Europe Ltd have expanded their UK business thanks to a new £150k funding line from NatWest including a £100k Enterprise Finance Guarantee (EFG) loan.
The company are one of the leading manufacturers and suppliers of hygiene and insect control products in Europe, specialising in aircare, washroom, insect control, waste disposal and catering equipment. Their products include a range of dispensers, aerosols and hand dryers.
The new funding means the company will be able to increase their offering to both UK customers and through export territories in other countries. They will immediately increase the range of products on offer and will now invest in developing tools to manufacture bespoke products for their customers.
Matt Haslam, Hygequip director said: “We’re delighted to have been able to secure this extra funding. We’re already one of the leading manufacturers and suppliers of this type of product in Europe and to be able to increase our range and manufacturing possibilities in this way is invaluable to our continued growth. To begin with our priority will be to improve our offering to customers but we anticipate that this will eventually create around four new manufacturing jobs within the company.”
Jon Shaw, Relationship Director for NatWest Commercial banking in South Yorkshire said: “I am delighted to have been able to support Matt and his team with this package. “Hygequip is a growing and ambitious company with a strong presence in the sector and the city. I wish them all the best with their plans and look forward to working with them in the future.”