A WHITCHURCH cheesemaker the provides products for Aldi is set to create new jobs after securing a £1 million loan.

Nantwich Cheese Company, based on the Waymills Industrial Estate, has picked up the funding from the Midlands Engine Investment Fund II, through Frontier Development Capital (FDC), to help it fulfil its fast-growing order book.

Luke Morgan, chief executive officer at Nantwich Cheese Company, said the finance deal is to give his company the platform in which to kick on from its current growth.

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“Our success lies partly in our ability to provide a one-stop shop and offer a full range of products at competitive prices,” he said.

“As a smaller firm, we are also very nimble and can respond quickly to customers’ needs and offer rapid turnaround times.

“After years of steady growth, 2024 is turning out to be a bumper year for us.

“The funding will provide us with working capital to fulfil the growing order book and continue expanding the team.”

Nantwich Cheese Company supplies the catering and hospitality industries, schools, hospitals and food manufacturers and also makes products for retailers including Aldi’s ‘own label’ range of waxed cheeses.

The company sources cheese from British and continental producers then processes and packs it at its Whitchurch plant.

Nantwich Cheese Company was founded in 2009 by Wayne Morgan, who has more than 40 years of experience, before son Luke took over five years ago.

Since then, turnover has climbed steadily, from £5m in 2019 to £12m in 2023 and is on course to reach £17m in the current year following a number of major new contract wins.

The company currently employs 31 people, having recently taken on eight new recruits, and expects to create five more jobs in the year ahead.

Beth Bannister, senior investment manager at British Business Bank, said: “Supporting Midlands’ businesses with access to the finance options that help them grow and succeed is exactly what the Midlands Engine Investment Fund II aims to achieve.

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“This latest investment in Nantwich Cheese Company demonstrates the fund’s continuing commitment to growing and scalable businesses in the region.”

Diane Watt, director at FDC, added: “Luke and the Nantwich team have successfully navigated the changing landscape and taken the company from strength to strength. We are pleased to be able to support them in their growth plans.”

 The £400m Midlands Engine Investment Fund II covers the entire Midlands region and provides debt finance from £25k to £2m and equity investment up to £5m to help a range of small and medium-sized businesses to start up, scale up or stay ahead.