Craft and hobby specialist has designs on US expansion following six figure NPIF - FW Capital Debt Finance investment
A six figure investment from NPIF - FW Capital Debt Finance,
part of the Northern Powerhouse Investment Fund (NPIF), is helping
Debbi Moore Designs expand in the US.
The Darlington-based specialised craft supplier and manufacturer
develops and sells a range of craft materials both wholesale and to
the general public.
The business also delivers a wide range of events, exhibitions
and trade shows across the year and its digital offer has over
20,000 online subscribers.
Owner Debbi Moore is a well-known celebrity in her field,
regularly appearing as a TV demonstrator on Create and Craft TV in
the UK and the USA.
The NPIF investment will enable the management team to
strengthen its online offer, purchase cutting edge new technology,
create four new jobs and launch in the US.
The American craft market is ten times bigger than the UK’s,
which according to the 2016 Craft Intelligence Report, is worth
£3.4bn to the British economy.
Debbi Moore, Founder and MD of Debbi Moore Designs, said: “I am
very excited to have this amazing opportunity to expand both in the
UK as well as the USA. It has enabled my company to grow in
areas that I had not thought possible and this couldn’t have
happened without obtaining the investment.”
Steve Teasdale, investment executive at FW Capital, said: “Debbi
Moore Designs is an established company with a solid sales strategy
led by an experienced and ambitious management team.
“This investment will enable the company to extend its product
offer online and reach a much larger audience, especially as it
pushes into the United States.”
Mark Wilcockson, Senior Relationship Manager at British Business
Bank, said: “It is pleasing to see NPIF investment continuing to
make real differences to businesses across Tees Valley and the
wider North. This latest round of funding will give Debbi Moore
Designs, a strong northern business, the platform it needs to
expand on an international scale.”
Operating from the British Business Bank’s Sheffield head
office, the Northern Powerhouse Investment Fund provides a mix of
debt and equity funding (£25,000 to £2m). It works alongside
ten Local Enterprise Partnerships (LEPs), the combined authorities
and Growth Hubs, as well as local accountants, fund managers and
banks, to support Northern-based SMEs at all stages of their
The Northern Powerhouse Investment Fund project is supported
financially by the European Union using funding from the European
Regional Development Fund (ERDF) as part of the European Structural
and Investment Funds Growth Programme 2014-2020 and the European
For more information about Northern Powerhouse Investment Fund,
please visit http://www.npif.co.uk/.