Mattress manufacturer Jay-Be is looking to a boost in exports after backing from UK Export Finance.
The government agency has provided a General Export Facility loan guarantee, which has allowed Jay-Be to secure a £2.5m funding package from Santander UK.
The funds will allow it to invest in overseas facilities where it can keep stock, allowing next-day delivery.
The company began exporting in 2012 and has 15 overseas markets.
‘We are extremely appreciative of Santander UK and UK Export Finance for this support. Our journey into international markets over the past few years has presented its share of challenges, but achieving the export of our beds and mattresses overseas is an accomplishment of which we are very proud,’ says Roger Durrans, Jay-Be ceo.
‘Now that we have successfully established a presence in multiple countries, this export loan facility is pivotal. It will enable us to maintain stock in each export market, enhancing our ability to provide an improved local service, which will significantly accelerate our global expansion strategy and ultimately contribute to creating more employment opportunities in our local area.’
