The 100th deal is a £750,000 equity investment in Tom Parker Creamery via appointed fund manager Maven Capital Partners (‘Maven’).
This latest investment, means that the fund has put more than £20million directly into smaller and medium-sized businesses in the South West, leveraging a further £20million from the private sector, totalling more than £40million overall.
Rafi Khan, Investment Manager at Maven, said: “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.”
Founded in 2018, Tom Parker Creamery is based in Wincanton in Somerset. The business produces free-range vitamin enriched whole milk; a flavoured free-range milk range; and free-range cream products, all sold in 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).
Rob Yates, CEO of Tom Parker Creamery, added: “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.”
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 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 £2million and equity investment up to £5 million.
Jody Tableporter, director UK & Regional Funds at the British Business Bank, said: “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.”
