£80k cash funding a Real Handful for Stockport business


UK Business Angels Association

29 March 2016

The Cheadle Hulme based firm accessed the cash through the Greater Manchester Business Growth Hub’s Northwest Business Angels (NWBA) network.

Nutritious snack manufacturer Real Handful has secured £80,000 in equity funding.

The Cheadle Hulme based firm accessed the cash through the Greater Manchester Business Growth Hub’s Northwest Business Angels (NWBA) network.

Founded by husband and wife team Joe and Carly Taylor, Real Handful offers a range of nutritious trail mix snack products.

The duo launched the business last May and have since secured listings with major retailers Holland and Barrett and Ocado.

Following an assessment of Real Handful’s financial position and funding requirements, the Business Growth Hub’s Access to Finance specialist Columb O’Shea supported the company in putting together an investment summary and coached them on their pitch to the business angels.

The NWBA team matches growing companies seeking finance with private investors looking for profitable investment opportunities.

Joe Taylor, co-founder at Real Handful, said: “Securing this level of investment has enabled us to hit the market with a stand out product and packaging.

“However, most importantly it gives us the time and funds to nurture and support the brand in the right way and build a team to drive the business forward.

The company has also worked with a Hub mentor who acted as a sounding board for their ideas on their business plan and growth strategy, and in July 2015 received a Start Up Loan from Manchester based Business Finance Solutions, Hub partner and the north west arm of the government’s national £150m Start Up Loans programme.

Philip Hargreaves, head of access to finance at Business Growth Hub, part of MGC, said: “As a result of his experience and knowledge in the sector and the research carried out in the market Joe Taylor is a highly credible entrepreneur.

“This together with an innovative twist and new recipes for the health conscious snack market made for a highly investible business proposal. With our support and coaching, the investor pitch attracted a lot of interest from the angel network and we are looking forward to seeing what’s in store for the company with the additional capital.”

The Northwest Business Angel service complements the Co Angel Investment service delivered by Business Finance Solutions, which focuses on early stage co-investment and helps high growth businesses access funding from syndicates of sector specific business angels.
“We’re incredibly pleased with the initial reaction, having secured listings in major retailers within the first few months of launch, with more stockists in the pipeline.”

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