£5m funding to aid Ripon Farm Services’ growth
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.