South West Investment Fund makes 100th deal
Press release
- Tom Parker Creamery receives £750,000 in equity funding via delivery partner Maven Capital Partners
- This latest deal from the South West Investment Fund takes investment in the region to over £40 million
The British Business Bank's South West Investment Fund has marked its 100th deal in the region, having driven over £40m of investment into new and growing businesses across the South West since its launch last year.
The fund is part of the government-backed British Business Bank's £1.6bn suite of Nations and Regions Investment Funds (NRIF) which aim to boost the strength of the UK’s SME sector and long-term economic growth. NRIF offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million.
The South West Investment Fund's 100th deal is a £750,000 equity investment in Tom Parker Creamery via appointed fund manager Maven Capital Partners ('Maven'), which manages the equity part of the fund in the north of the region.
The investment means the fund has delivered more than £20m directly into smaller and medium-sized businesses in the South West, leveraging a further £20m from the private sector, totalling more than £40m overall.
We’re thrilled to see the South West Investment Fund make its 100th deal, delivering over £40m of investment since its launch last year. The volume of investments underscores the strength and ambition of growing businesses across the South West, and the critical and catalytic role of the fund in providing the capital needed for these businesses to innovate, expand, and create lasting impact in their communities.
The latest investment in Tom Parker Creamery highlights our commitment to supporting sustainable, growth-oriented businesses in a broad range of sectors across the region.
- Jody Tableporter Director UK & Regional Funds at the British Business Bank
Other investments by the South West Investment Fund over the last year span digital, tech, healthcare, pharmaceuticals, renewable energy, manufacturing, virtual reality, communications and hospitality.
Founded in 2018, Tom Parker Creamery is a producer of free-range milks and creams from British grass-fed herds. Based at Wincanton in Somerset, the business produces natural, fully traceable, and sustainable dairy products. These include its unique free-range vitamin enriched whole milk; a flavoured free-range milk range; and free-range cream products, all sold in nostalgic glass bottles.
The company serves several of the major retailers including Waitrose, Sainsbury’s, Tesco, and Ocado. It has also won various awards including a Great Taste Award (2024), The Farm Shop & Deli Best Product (2024), International Cheese & Dairy Awards; Best Health Drink (2021) and the Great British Food Awards (2022 and 2021).
Investment from the fund has supported the relocation to a larger facility, allowing for a significant increase in production capacity as the company continues to grow its customer base. The funding will also provide additional working capital, enable the business to increase its headcount, and support further product development.
We’re extremely excited to be working with Maven and the South West Investment Fund to help take our business to the second phase of our growth plan. With the current rise in awareness of ultra-processed foods, our range of award-winning products made with free-range British whole milk and natural ingredients mean we’re well positioned to satisfy consumer demands in this area. With this support, the investment enables us to deliver our ambitious plans and meet the rising demands from major retailers and consumers.
- Rob Yates CEO of Tom Parker Creamery
Tom Parker Creamery has carved out a unique space in the dairy market, driven by its commitment to high-quality, sustainably sourced products. CEO Rob has built a strong brand, and we’re excited to back him and his team as they scale up and bring their exceptional products to more customers. The South West Investment Fund is there to support businesses just like this to grow whilst making a positive impact on the wider local economy.
- Rafi Khan Investment Manager at Maven
The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.
Further Information
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Notes to editors
About the South West Investment Fund
Operated by the British Business Bank, the South West Investment Fund provides a mix of debt and equity funding. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. It works alongside various funding organisations as well as local intermediaries such as accountants, fund managers and banks, to support the South West’s smaller businesses at all stages of their development.
The South West Investment Fund is open to businesses with material operations, or planning to open material operations, in: Bournemouth, Poole, Dorset, Somerset, Cornwall and Isles of Scilly, Plymouth, Torbay, Devon, Bristol, Bath and North East Somerset, North Somerset and South Gloucestershire, Gloucestershire, Swindon and Wiltshire.
Supported by Nations and Regions Investments Limited, a subsidiary of British Business Bank plc, the Bank is a development bank wholly owned by HM Government. Neither Nations and Regions Investments Limited nor British Business Bank plc are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
www.southwestinvestmentfund.co.uk
About Maven Capital Partners UK LLP
Maven Capital Partners is one of the UK’s leading private equity firms, specialising in investments in high-growth British companies. With a focus on innovation and value creation, Maven partners with visionary entrepreneurs to build market-leading businesses, supporting a range of transaction types, including management buyouts, growth capital, buy and build projects, equity value release and pre-IPO financing.
About Tom Parker Creamery
Tom Parker began farming in 1921 with 14 cows on rented land in Hampshire, delivering milk locally by horse and cart. Known for his dedication to hard work and quality, his legacy lives on through Tom Parker Creamery today; to deliver high-quality, natural dairy products to many.
Tom Parker Creamery uses free-range British milk from mixed breed grass-fed herds and the finest natural ingredients, partnering with small British family farms to ensure the best possible conditions for their cows. Glass bottles and paper labels reflect a commitment to sustainability and evoke the tradition of Tom Parker's original milk deliveries.
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