£5m fund­ing to aid Ripon Farm Ser­vices’ growth

Yorkshire Post - Business - - FOCUS ON SMES -

A SUP­PLIER of agri­cul­ture ma­chin­ery and equip­ment has re­ceived a £5m fund­ing pack­age from HSBC.

Ripon Farm Ser­vices is us­ing the fund­ing to re­de­velop its main site on Dal­lamires Lane by adding two new build­ings.

The fund­ing pack­age in­cludes £3.5m which will go to­wards the new premises and £1.5m for work­ing cap­i­tal. Cur­rently em­ploy­ing 184 peo­ple with a turnover of around £55m, the new site will cre­ate 15 new jobs in the area and Ripon Farm Ser­vices ex­pects to in­crease its turnover by 5 per cent over the next year.

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