Boost for an organic food business | South West
The Bristol-based Real Olive Company received a loan of £ 150,000 through SWIG Finance, backed by the Coronavirus Business Interruption Loans Scheme.
The investment is being used to mitigate some of the recent market disruptions and put the business on a solid footing to take advantage of new growth opportunities.
Led by directors Ben Flight and Karin Andersson, the company started with a stall at St Nicholas Market in 1998. Its products are now stocked nationwide by retailers such as Waitrose and Sainsburys.
The company works with artisan producers and farmers from the Mediterranean.
In recent months, The Real Olive Company has changed its business model in response to Covid-19. To help minimize disruption, they created an e-commerce platform to distribute its own products directly to customers.
Ed Gardiner, COO of The Real Olive Company, said: “We have exciting plans for the next few years, CBILS funding means we can now work for the future and worry less about the immediate challenges.”
Nicola Mapp, Commercial Director of SWIG Finance, added: “The Real Olive Company is an exciting company to watch. Their plans for the future will go a long way to getting the company back on track after this disruptive time. We are delighted to be able to support them on their journey. “
Jerry Riches of ACF Direct introduced the company to SWIG Finance.