Investment For Children’s Italian Food Firm
Macclesfield-based Tutto Bene World has secured a £50,000 investment which will be used to fund the launch of a new range of healthy children’s food.
Owned by director Mike Williams, Tutto Bene World has created a new range of healthy Italian food and drink products designed specifically for toddlers and young children.
The business, which has secured distribution with Ocado, will use the investment to create four new jobs in the first year of trading and to help fund product set-up, equipment and printing, food and drinks analysis and marketing costs.
“Tutto Bene means ‘all good’ and that’s just what our new range is, with all our products sourced and manufactured in Italy using the best ingredients,” said Mike Williams.
The investment is from NPIF – BFS & MSIF Microfinance – a product fund managed by GC Business Finance in partnership with MSIF and part of the Northern Powerhouse Investment Fund (NPIF).
Williams added: “Having established our brand and core range, we came to GC Business Finance at a crucial point in the development of the business.
“The NPIF funding we secured as a result enabled us to develop and get the range out to distributors quickly, something that has already paid dividends with Ocado coming on board to support us very quickly.”
Andy Nichols, senior loan manager at GCBF, added: “Mike has worked in the food industry for many years and becoming a parent inspired him to try to bring something different and better to the marketplace.
“Food authenticity and provenance have never been more important to consumers so we were proud to be able to support Mike and his team with the £50k funding he needed to get the Tutto Bene brand up and running.”
Tutto Bene World was referred to GC Business Finance by The Skills & Growth Company in Cheshire East.
Cllr George Hayes, chairman of The Skills & Growth Company, said: “We have worked with Mike and his team since 2016 from the launch of Tutto Bene, and are delighted to see the business flourish; we wish them every success and look forward to supporting their further growth as a welcome addition to the Cheshire East economy.”
Sue Barnard, senior manager at British Business Bank, added: “Food production in the North West continues to go from strength to strength with a number of international companies choosing to locate their headquarters here.
“We are really pleased to be supporting Tutto Bene as it looks to fill the gap in the children’s snack market with its fine Italian products.”