A Macclesfield-based pet food manufacturer has secured £2.5m funding from HSBC's new mid-market corporate banking team that will help it to enter New Zealand and Scandinavia.
MPM Products plans to use the cash to expand its existing customer base, invest in product development and target new export markets.
The funding was provided by HSBC's mid-market team, which has just launched in Manchester with a brief to support mid-market enterprises (MMEs). HSBC has appointed Jason Trigg as area director of corporate banking, with David Beaty as regional director of corporate banking for the north.
Julian Bambridge, managing director of MPM Products, said: "Since our foundation we have gone from strength to strength, and are now one of the UK's leading natural pet food manufacturers.
"We are keen to expand by taking full advantage of new opportunities and HSBC's new corporate banking team was there to help. The funding secured will enable us to develop our customer base and product portfolio, enter new export markets like New Zealand and Scandinavia and continue our upward trajectory."
Beaty said: "MPM Products is a great example of the kind of innovative, ambitious business that makes the MME sector so dynamic and I'm delighted that our new corporate banking team was able to support their plans for growth."