Pudding firm wants a larger slice

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The Old Original Bakewell Pudding Company is planning to quadruple the size of its store and restaurant, with the help of bankers HSBC.

The company, which is based in Bakewell, employs around 35 staff and generates an annual turnover of £1.3 million from its Bakewell puddings, made to an original 19th century recipe, as well as a range of chutneys, jams and real ales.

After switching to HSBC, it got a £70,000 boost for plans to dramatically improve its shop and restaurant, after relocating its bakery to enable it to increase production and the number of local businesses it supplies.

Director Nick Beagrie said: “We’re really excited about the upgrades to our retail space that we’ll be making with the help of the funding that HSBC has provided. We are very much a traditional, local business, but one with ambitious growth plans, and we need a bank like HSBC that can help support our vision.”

HSBC regional commercial director for Yorkshire and the North East, Mark Vines, said: “Combining traditional recipes that have been around for hundreds of years with a forward-looking business plan and a growing online presence, the business is a perfect example of how a traditional and long-standing business can be continually modernised for success in the current business environment.”