Newspaper article The Journal (Newcastle, England)

Brewery Expands after PS150,000 Funds Injection

Newspaper article The Journal (Newcastle, England)

Brewery Expands after PS150,000 Funds Injection

Article excerpt


ANORTH East brewery is planning to create new jobs and move into new markets after securing funds from an initiative that has injected more than PS1.3m into regional firms.

Camerons Brewery, in Hartlepool, has received PS150,000 through the Tees Valley Business Compass scheme, which offers between PS25,000 and PS1m of grant support to SMEs investing in their businesses to achieve sustainable growth.

The money will enable the firm to invest in a modern bottling facility that will allow it to tap into the growing take-home market both in the UK and abroad, while creating 12 fulltime jobs and safeguarding a further three by 2016.

Set up in 1865 as a family business, Camerons has gone on to establish itself as one of the UK's leading contract brewers, which also owns and operates more than 70 pubs in the North East.

Director and general manager Chris Soley said: "Without the grant assistance through the Business Growth Investment Scheme, we would have been unable to finance the project and lost out on the opportunity to grow the business and help secure the long-term future of the brewery.

"Camerons Brewery is now the only remaining major independent family brewer in the North East and, as it approaches its 150th anniversary, the addition of a bottling capability will allow the business to adapt to changing consumer trends and help cement the site's future long-term prosperity.

"As a result of the grant funding, we are able to install a beer bottling line capable of packaging up to 10,000 bottles per hour. The investment adds a further vital dimension to our UK renowned contract brewing services."

The Tees Valley Business Compass Scheme, which is being led by Tees Valley Unlimited, came about after Lancaster University secured Regional Growth Fund money to create 15 UK growth hubs.

A total of PS2.4m was allocated to the area, PS1.3m of which has already been handed out to 10 local projects, creating 165 new jobs and safeguarding a further 12.

The scheme can be used to improve or expand premises, invest in research and development or to invest in new plant, equipment and machinery. …

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