St Ewe Free Range Eggs has secured a multi-million finance package from HSBC UK to support the build of a new distribution centre, allowing the business to significantly increase production.
The company will use the finance to build out a new 50,000 sq ft packing and distribution centre, as well as a head office, increasing processing capacity by over 100%.
The family business has been farming for over 40 years, with CEO Rebecca Tonks’ father starting the farming business in 1967. Its free-range eggs are currently sold in all major supermarkets in the south west but the funding will enable it to significantly increase production from one million to ten million eggs per week and expanding nationally.
Tonks said: “It’s an extremely exciting time for St Ewe Free Range Eggs as we move into our brand-new offices and distribution centre, opening up opportunities to expand our business across the UK.”
Martin Hanson, head of agriculture at HSBC UK Business Banking, added: “We’re delighted to support St Ewe Free Range Eggs expansion into new headquarters. It’s the perfect example of a business with family heritage that puts welfare first and gives back to the community, so we couldn’t be more excited to see it continue to expand.”