Nc’nean Distillery Restricted has secured a Virgin Cash funding bundle with the backing of UK Authorities division, UK Export Finance (UKEF), to assist the impartial distillery develop in North American markets.
The funding bundle from Virgin Cash will assist Nc’nean because it continues to develop and transfer into new worldwide markets. The US and Canada will proceed to be a key progress space for the distillery, as its Natural Single Malt turns into obtainable in additional states throughout each nations.
Annabel Thomas, CEO of Nc’nean Distillery, mentioned: “Our partnership with Virgin Cash has been important to Nc’nean as we develop and develop the enterprise, and this current funding bundle has been improbable to help our growth to new markets.”
UKEF supported Virgin Cash in offering a tailor-made funding bundle, issuing a Normal Export Facility (GEF) mortgage assure which lined 80% of the financing and enabled Virgin Cash to finish the transaction.
The GEF product is a versatile government-supported scheme that helps UK export companies to entry working capital services, serving to to enhance money move or pace up worldwide commerce progress.
