Narrowboat builder expands with £881,000 boost

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An Ashbourne-based narrowboat builder is expanding into new premises.

HSBC has granted Oakums Narrowboats a £881,000 funding package to purchase a new 14,000 sq ft property in Carsington Water. 

Having additional space will help increase the business’s capacity by 350% expanding its manufacturing capability and allowing the business to build seven boats at once, compared to two currently. 

Liam Hainsworth, director at Oakums Narrowboats, said: “This funding marks a significant milestone and empowers us to embark on a new era of expansion and innovation within our industry. This is a strategic leap forward and paints a positive outlook for our operations. Oakums has flourished from a personal hobby to a dynamic workforce of 14 skilled builders, and the banking team’s support has been instrumental in achieving this

 link source - The Business Desk

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