Mythe Farm secures HSBC funding
A farm, bed and breakfast site in Atherstone is to develop a range of its buildings into a wedding venue facility. Mythe Farm will convert the site with £1.75m of bank funding.
HSBC’s Commercial Banking team in the Midlands arranged the funding for the company, with Mythe Barn now set to open in summer 2012. It will be able to accommodate more than 70 weddings each year.
After inheriting the property in 2005, husband and wife team Joe and Joanna Garland expanded the farmhouse B&B to include an outdoor activities business.
Mythe Farm was then awarded a DEFRA grant under the Rural Development Programme for England to support the project while HSBC provided the additional funding the business needs to carry out the work.
Roy Harris, HSBC’s regional commercial director in the Midlands, said: "HSBC has a longstanding relationship with the Garland family, spanning across three generations, so we are delighted to be able to support the further growth of this strong and ambitious business.
"Mythe Farm is an excellent example of a local business looking to improve its business model, expand its offering and take advantage of new and promising opportunities available."
Joe Garland added: "The new development will hopefully bring revenue into Leicestershire and Warwickshire from the additional visitors and employment the wedding venue generates."
