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Hattingley Valley secures £7.5m funding
English winery Hattingley Valley has secured a £7.5 million “facility” from PNC Business credit to help support its growth plans.
The funds will be used to help the winery expand its international presence, building on existing export markets in the US, Japan, Nordics, Australia and Germany and enter new markets such as Switzerland, Singapore and Malaysia.
Bruce Green, finance director of Hattingley Valley said: “We are very excited about the next phase of our growth and, with PNC’s support and financial backing, we now have a flexible working capital finance facility to support the on-going development of our wines and expansion into new markets.
“This investment shows great confidence in our business and in the English sparkling wine industry as a whole. We look forward to working with PNC to keep Hattingley Valley at the forefront and our wines firmly on the global map.”
The vineyard is celebrating its 10th anniversary this year.