Family-owned Hampshire winery Hattingley Valley has secured £7.5 million in funding for a new facility to support its growth plans.
The capital, which was financed on an asset-base from the UK arm of PNC Business Credit, will be used for a new facility.
Based in Hampshire, Hattingley Valley specialises in English sparkling wines with its core portfolio including Rosé, Blanc de Blancs, and its most popular blend the Classic Reserve.
Its £7.5 million facility will provide further investment into the development of Hattingely Valley Wines and support its continued expansion plans.
With a strong international presence in 16 countries, Hattingley Valley plans to enter new markets in Switzerland, Singapore, and Malaysia. It aims to continue growth in the UK and existing markets, with a focus on the USA, Japan, the Nordics, Australia and Germany.
Bruce Green, finance director of Hattingley Valley, said: “We are very excited about the next phase of our growth and, with PNC’s support and financial backing, we now have a flexible working capital finance facility to support the ongoing development of our wines and expansion into new markets.
“This investment shows great confidence in our business and in the English sparkling wine industry as a whole. We look forward to working with PNC to keep Hattingley Valley at the forefront and our wines firmly on the global map.”
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