A SPECIALIST Hexham-based interior design business has sewn up a £30,000 investment to help it expand its product range, grow its turnover and bring in new customers.

Troynorth, which supplies top quality trimmings, tie backs and accessories to the design trade, received the grant from the North-East Small Loan Fund supported by the European Regional Development Fund.

The second generation family firm predominantly works with a range of clients across the UK, including hotels and interior designers, but has also supplied items to companies in Russia, Eastern Europe and the US.

Troynorth is looking to create two new jobs after working with regional fund management firm NEL Fund Managers to secure the Small Loan Fund investment, and will be extending its presence at trade shows around the UK during 2019 as part of plans to enhance its marketing activity.

Established 40 years ago by Jim and Carole Little, Troynorth began as suppliers to the upholstery trade. The couple’s son Damon Little and daughter Rachel Francis joined the business 25 years ago and now own and run the company together, with Rachel being responsible for developing new product designs and Damon managing the operational side of the business.

Damon Little said: “Our product specialisation is very much our strength, and we felt there was an opportunity to increase our visibility in what seems an increasingly robust market.

“NEL was recommended to us by our brokers 360 Funding, and the team has supported us well through what has been a very thorough and positive process.”

Jane Siddle, investment executive at NEL Fund Managers, added: “Troynorth has a strong position in a niche market and this investment will enable them to build on these very firm foundations.”

The overarching North-East Fund will provide financial support for more than 600 businesses, creating around 3,500 jobs and delivering a legacy of up to £80m for further investment into the region.