8th February 2023
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A six figure funding boost has helped Virtue Bespoke Lodges locate to new premises in Warrington and focus on future growth.
The Warrington-based manufacturer of bespoke designed lodges has received investment from NPIF – FW Capital Debt Finance, which is managed by FW Capital and part of the Northern Powerhouse Investment Fund.
This has supported their move and fit out of a new 18,600 sq. ft warehouse situated on Howley Industrial Park in Warrington. It is also assisting plans to create new jobs and providing working capital to back new project wins.
Virtue Bespoke Lodges was launched in 2022 by Steve Mattocks and Rob Cook to manufacturer and design bespoke lodges for holiday parks. It gives holiday park owners the opportunity to offer future clients a lodge that perfectly meets their brief and requirements.
All lodges can also be designed to incorporate innovative sustainable technologies to reduce or eradicate energy costs. Steve and Rob both have extensive experience in the high-end construction industry. With over 45 years combined experience, both have worked previously for larger interior fit out companies including Oktra. Steve is also a qualified chartered surveyor and has also worked for Overbury and McGoff & Byrne.
Steve Mattocks, Managing Director at Virtue Bespoke Lodges said: “Our mission is to bring bespoke design and individuality to holiday parks, whilst maintaining a strong focus on achieving and driving sustainability within the sector. Rob and I are both excited about the fast growth we have achieved since our launch in August and the increased demand for our unique design service.
The funding from FW Capital is instrumental in our future growth and the support from Simon has been incredible. He went above and beyond, making the whole funding process much easier.”
FW Capital Senior Investment Executive Simon Berry said: “Both Steve and Rob impressed us with their background and expertise in the high-end construction sector. This is a luxury product that Virtue Bespoke Lodges are offering, and I’m pleased to be help them with this key stage of their development. The new facility in Warrington supports their manufacturing needs and features an impressive lodge design studio and showroom. Supporting businesses like this is what the Northern Powerhouse Investment Fund is all about – investing in potential growth and ambitious management teams.”
Sean Hutchinson, Senior Manager at the British Business Bank said: “By supporting businesses like Virtue Bespoke Lodges with the funds to recruit new staff and move premises, we are taking the next step towards a more prosperous regional economy for the future. NPIF continues to provide crucial funding to Northern businesses, creating impactful change for companies looking to move to the next level of their growth journeys.”
FW Capital provides loans of £100,000 to £750,000 to businesses based in the NPIF region with a focus on the North West, Cumbria and Tees Valley.
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
FW Capital Limited is regulated by the Financial Conduct Authority as a small authorised UK Alternative Investment Fund Manager under firm reference number 506719.
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