This Lancashire-based decking and fencing company, known for its robust growth and innovative product development, is set to expand its product line significantly. With this financial backing, Lakeland Verandahs aims to introduce a new solid deck board range alongside complementary products, further solidifying its market presence and responding to the evolving demands of the residential sector.
As a result in securing the six-figure investment, the business will launch a number of new products, including a solid deck board range and associated products such as pergolas and gazebos.
The investment in Lakeland Verandahs, facilitated by ABL Business Finance, signifies a positive impact on the local economy. It not only supports job creation by enabling the company to expand its team but also stimulates economic activity through the development and launch of new products. This growth and innovation can lead to increased demand in the residential market, further contributing to the dynamism and strength of the regional economy.
Lakeland Verandahs secured the funding from NPIF via FW Capital Debt Finance, which is managed by FW Capital and is part of the Northern Powerhouse Investment Fund.
You can read all about it here in the press.