Opperman Plants has secured funding of £250,000 from MEIF Maven Debt Finance. The company will speed up growth and take advantage of opportunities.
Michael and Jennifer Opperman founded the company in 1990. It’s a family run nursery supplying wholesale plants to retailers across the UK.
The loan is set to support the firm’s expansion plans. It’ll enable it to diversify its customer base and finance new market opportunities.
Opperman’s 13.5 acre Lincolnshire site comprises glasshouses with ancillary buildings. It also has a biomass boiler and kiln, as well as horticultural crops.
The business supplies grown to order high quality pot-plants in large numbers.
Michael Opperman said: “We’re delighted to have the backing of MEIF and Maven.
“The funding will enable us to take advantage of new opportunities to grow our business.
“With Maven’s support, we are confident we can pursue our ambitious growth plans faster.”
Richard Altoft at Maven Capital Partners, said: “Opperman Plants is a supplier serving a range of wholesale customers.
“We’re delighted to support the business as it embarks on a programme of growth.
“We look forward to working with them to help the business execute its development plans.”
Ruth Carver, CEO of Greater Lincolnshire Local Enterprise Partnership, said, “This loan is great news. It will help the company to grow and diversify.
“Greater Lincolnshire is famous for its cutting-edge horticulture. We’re delighted that the MEIF is supporting the growth and ambition in this important sector.
“The MEIF is a valuable source of finance for Greater Lincolnshire businesses. This is a good example of how the fund is boosting SME growth across our area.
“We wish Opperman Plants the best of luck with its expansion plans and look forward to working with the team.”