Partner:BEF & FFE
Region:Yorkshire & Humber
Programme:Northern Powerhouse Investment Fund
Specialist pie maker, The Yorkshire Pudding Pie Company is set for growth following a £150,000 investment. This included £50,000 from NPIF – BEF & FFE Microfinance, part of the Northern Powerhouse Investment Fund, and £100,000 invested directly by BEF.
Based in Malton, North Yorkshire, The Yorkshire Pudding Pie Company is best-known for hand crafting Puddies, the world’s first and only pie made with Yorkshire pudding not pastry. Using locally sourced ingredients, each batch is made using Yorkshire Wagyu beef, Yorkshire Gloucester Old Spot sausages and Yorkshire eggs.
Thanks to the funding, the business is set to complete a new manufacturing facility, increase marketing activity and double its workforce with five new staff. Puddies are currently shipped directly to customers who order online. The completion of the manufacturing facility will help the business to meet growing demand from online customers, major supermarkets and independent retailers.
Established in 2017 by Lynne and Ted Harrison, the small family-run business has grown considerably in its first few years and currently donates a few Puddies from every batch to local vulnerable people having to self-isolate and to local food banks.
Ted Harrison, joint-owner of The Yorkshire Pudding Pie Company, said: “NPIF and BEF have been incredibly supportive in helping us to grow the sales of our lovely Puddies, they’re great examples of financial institutions doing their bit to support small businesses gain access to finance.”
Andy Clough, Investment Manager at BEF commented: “The Yorkshire Pudding Pie Company have an excellent opportunity to grow sales by bringing new retailers onboard. The funding and strong management team will help them to realise their ambitious growth plans.”
Sean Hutchinson at the British Business Bank said: “The Yorkshire Pudding Pie Company is a good example of a business that has seen an opportunity in a volatile market, adapting their business model to ensure sales could continue. NPIF is proud to support businesses such as this as they look to grow, creating new jobs and boosting the local economy.”
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Business Enterprise Fund is authorised and regulated by the Financial Conduct Authority (FRN: 726237)
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