Hattingley Valley set to inject £7.5 million to support growth
Hattingley Valley has secured £7.5 million in finance to support its continued growth plans.
The family-owned Hampshire winery has attained the funds from the UK arm of PNC Financial Services Group, and the money will be used to “secure the foundations of the business following ten years of significant growth”.
Bruce Green, finance director of Hattingley, said: “We are very excited about the next phase of our growth an, with PNC’s support and financial backing, we now have a flexible working capital finance facility to support the ongoing 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.”
Last year Hattingley recorded a 45% year-on-year increase in sales, consistent with growth levels from previous years.
The producer celebrates its tenth anniversary this year.