Cereals processing firm creates food jobs after funding boost
The family-run cereals processing firm Silvery Tweed Cereals Ltd is set to benefit from around £1.2 million in funding, which will hopefully help the business boost profits, improve its facilities and create new food jobs.
Silvery Tweed Cereals Ltd has been running for 167 years, and currently supplies cereals and cereal products to big-brand names such as Kelloggs, United Biscuits, Britvic, Heinz and Dorset Cereals. Based in the Tweedside Trading Estate in Berwick, the firm currently employs 70 staff.
However, day-to-day operations at the processing plant are set to change, after Yorkshire Bank and One North East approved approximately £1.2 million worth of funding for Silvery Tweed. Company bosses plan to use the money to:
• Create six new food jobs whilst retaining all 70 existing staff members
• Upgrade their cereal cooking plant
• Build a waste collection facility
• Add new warehouses and grain silos
• Implement a grain intake system
• Increase floor space from 16,000 to 22,000 square foot
Work on these improvements to the Tweedside site has already started, with the aim of boosting company turnover from £17 million to £19.5 million within the next 18 months. Silvery Tweed bosses are also aiming to improve weekly production capacity from 180 tonnes of cereal to 270 tonnes.
Silvery Tweed Cereals Ltd has been running for 167 years, and currently supplies cereals and cereal products to big-brand names such as Kelloggs, United Biscuits, Britvic, Heinz and Dorset Cereals. Based in the Tweedside Trading Estate in Berwick, the firm currently employs 70 staff.
However, day-to-day operations at the processing plant are set to change, after Yorkshire Bank and One North East approved approximately £1.2 million worth of funding for Silvery Tweed. Company bosses plan to use the money to:
• Create six new food jobs whilst retaining all 70 existing staff members
• Upgrade their cereal cooking plant
• Build a waste collection facility
• Add new warehouses and grain silos
• Implement a grain intake system
• Increase floor space from 16,000 to 22,000 square foot
Work on these improvements to the Tweedside site has already started, with the aim of boosting company turnover from £17 million to £19.5 million within the next 18 months. Silvery Tweed bosses are also aiming to improve weekly production capacity from 180 tonnes of cereal to 270 tonnes.
Leave a comment