Northern Monkey expands with BFS support
Founded by Ryan Bailey and Liam Convey in 2016, the Northern Monkey Brew Co microbrewery currently brews five cask ales which it supplies to over 40 local pubs and bars.
The growing demand for its craft beers has led to the business moving to The Link Project in Bolton town centre where it will be expanding into a purpose-built brewery 2.5 times the size of its current site.
The loan has been provided by Business Finance Solutions (BFS), the North West delivery partner of the government’s national £310m Start Up Loans programme and a lending partner of the Greater Manchester Combined Authority.
Bailey said: “The support and funding from BFS has enabled us to build and expand our business at a critical point in our future and in the evolution of the real ale market, which is driven by consumers looking for quality, authenticity, originality and a premium experience that can’t be replicated at home.
“The Link Project is an ideal new home for us because it allows us to sell our own goods on site whilst maintaining off site sales and also working with other businesses within The Link and across Bolton town centre. We want to grow our business at the heart of our community, contributing significantly to the ongoing redevelopment of Bolton Town centre.”
Roger Seddon, head of lending at BFS, said: “Having already established a great reputation within Bolton, the Northern Monkey Brew Co were presented with an opportunity to take their growth to the next level and we were able to work quickly with them to arrange the funding they needed to secure significantly larger premises.
“Liam and Ryan are passionate about their craft and have become fantastic ambassadors for the redevelopment and reinvention of Bolton town centre. Their new venue joins a growing number of high quality restaurants and bars that are opening locally and contributing significantly to the growing prosperity of the region.”
The pair will be using the Start Up Loan from BFS to help fund the move to their new premises, launch the beer hall and to invest in transport for deliveries, which will enable them to significantly increase sales of cask ale to customers further afield.
Northern Monkey Brew Co. also plans to host different themed beer festivals at the Bolton Beer Hall; to hold exclusive beer launches and develop a series of events in partnership with their neighbouring food and drink businesses in The Link.
Published: 29 August 2017