The Leeds-based manufacturer was expecting a fivefold increase in revenue over the next 12 months, following the investment.
Northern Bl°c director Josh Lee said: “Innovation is at the heart of Northern Bl°c, and experimenting with new flavours and products is key to our growth and development.
‘Acquire the talent’
“The funding from Santander has enabled us to invest for growth, and acquire the talent needed to make our ambitious plans a reality.”
Northern Bl°c was launched from an ice cream van in 2014. It is now stocked in Waitrose, Co-op and independent stores across the UK.
Santander Business Banking relationship director Andy King said: “We’re delighted to have been able to support the team at Northern Bl°c. The ambition of the management and stakeholders is what has led the company from a small food van to a national ice cream manufacturer.
“Their passion for innovation and product development is what drives their business growth, and we look forward to seeing how they progress and what new and exciting flavours they come up with next.”
‘Passion for innovation’
Northern Bl°c ice cream is 100% natural, the manufacturer claimed. Its milk is sourced directly from farmers, and all products are gluten-free, and suitable for vegetarians.
The ice cream maker’s products include traditional flavours, while adding a modern twist, it said. Flavours include Chocolate & Sea Salt, Strawberry & Black Pepper, Raspberry & Sorrell, and Hazelnut & Tonka Bean.
Meanwhile, Northern Bl°c secured a deal with Waitrose to stock its ice cream in selected stores across the UK on March 6.
- Six-figure investment
- Funding from Santander Business Baking
- Investing in new product development
- Workforce to grow