An agricultural equipment supplier has relocated to new premises in Macclesfield with the help of bank funding support worth £800,000.
Barlow's of Henbury has moved to the 8.5-acre site from its previous base in Henbury where it was located for 60 years. The switch means the business is now situated in a much more accessible area beside a main road.
With the improved transport links generating increased footfall, Barlow's is aiming to double its turnover to £8m by 2020. The company also plans to hire three new staff members over the next 12 months to work at the Macclesfield site.
The fifth-generation family business was founded by Joseph Aaron Barlow in 1890, the great-great grandfather of current owner James Barlow. It now has 14 employees and has become a major supplier of McCormick and Zetor tractors.
Barlow said: "Our secret of success is down to really hard work. We're a small business that operates effectively together as a team and we're all committed to growing the company.
"I believe this attitude combined with the increased traffic we will experience at our new site will enable us to reach our goal of doubling our turnover by 2020."
Yorkshire Bank provided funding for the purchase and redevelopment of the Macclesfield site in a deal arranged by relationship manager Stephen Cox. Barlow's has been a Yorkshire Bank customer for almost ten years.
Sean Williams, head of Yorkshire Bank's business and private banking centre in Manchester, said: "Barlow's has been around for more than a century and has become a highly respected supplier in agribusiness with strong client relationships and a wealth of industry expertise.
"We saw the significant potential increase in business activity this move could bring for Barlow's, so we provided extended support for the cost of the property. We are proud to have supported the move which will allow the company to progress even further.
"As economic conditions continue to improve, Yorkshire Bank remains focused on supporting the growth ambitions of businesses in the North West."
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