Home / Business and Economy / SME Secures £4M Tech Contract with UK Export Finance
SME Secures £4M Tech Contract with UK Export Finance
19 May
Summary
- Packaging One secured a £4 million contract with a major tech company.
- UK Export Finance and NatWest provided vital financial support.
- The deal has created at least 50 new full-time jobs in Cheshire.
Packaging One Ltd, a Cheshire-based company, has secured a substantial £4 million contract with a major global technology firm. The deal was facilitated by a £700,000 loan from NatWest, guaranteed by UK Export Finance (UKEF) through its General Export Facility.
This financial assistance addressed Packaging One's cash flow issues, enabling them to pay suppliers and accept the large contract for their innovative MediaWrap product. This marks a significant step in their export growth.
The company has expanded its reach into North America, Europe, the Middle East, and East Asia. This expansion has directly led to the creation of at least 50 new full-time jobs at their Middlewich facility.
Packaging One anticipates its annual turnover to increase from £9.4 million in 2025 to £16 million by 2028. Plans for a new manufacturing facility in the United States are also underway, promising further business opportunities and local economic benefits.
UKEF's support for SMEs aims to empower them to secure and fulfill international orders, thereby sustaining local employment and driving economic growth. This initiative aligns with NatWest's commitment to supporting the UK economy by aiding ambitious businesses in their international expansion.
