Paint brush and decorating products manufacturer L.G. Harris has secured a £1.5m loan from Lloyds TSB Corporate Markets to boost production levels and drive expansion.
While the DIY market has contracted during the recession, Harris has seen an increase in market share and a swell in demand for its brushes, rollers and other decorating tools.

Harris, which employs over 260 people at its Bromsgrove headquarters, will use the funding to significantly increase its production facilities in order to drive expansion in the UK and overseas.

Harris's Finance Director David Cooper said: "This deal marks an important milestone in our development. By taking the time to really get to grips with our business model and our market, the team from Lloyds TSB came up with a great package for us. We were particularly impressed by the bank's enthusiasm and willingness to get the deal done."

The business has just launched a new range of environmentally-friendly decorating products and prides itself on taking a very ethical approach to business.

Darren Baker, Relationship Director for Lloyds TSB Corporate Markets, said: "Harris is a well-established and market-leading manufacturer which plays an important role in the local economy. The business has a solid management team with a clear vision for growth, as well as an admirable approach to doing business and we're pleased to be supporting Harris's continued development with this funding."