Bridge Farm Group, the producers of ornamental plants, flowers and herbs, has secured £29m of debt finance from specialist lenders Shawbrook Bank and Tosca Debt Capital.
As part of Bridge Farm Group’s investment in its operations, the business has developed a 48-acre, fully automated glass house in Spalding. The modern Clay Lake site includes biomass boilers and on-site reservoirs, making Bridge Farm Group energy self-sufficient.
The new funding will enable Bridge Farm Group to continue its investment in its state-of-the-art glasshouse facilities, helping the business to meet increased sustainability demands of the UK’s supermarkets, which are focused on driving towards a net zero carbon supply chain.
Bridge Farm Group, which is led by founder David Ball and CEO Louise Motala, sells more than 80 million units of plants, cut flowers and herbs per year to retailers and consumers across the globe.
Steve Armstrong, Relationship Director at Shawbrook Bank, said: “This was a fantastic opportunity for Shawbrook to assist with the refinance of debt facilities following Bridge Farm Group being returned to independent ownership last year.
“It’s a hugely exciting and innovative business, which has become a vital part of the UK supply chain in the horticultural sector.”
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