No matter how good your business is, a helping hand can still go a long way and the Harrogate-based, organic skincare business Myroo is a prime example of this.
Launched by husband and wife duo Phil and Rachael Dunseath, Myroo has come a long way in the last year, with its vegan and allergy-friendly products. Despite only one year of trading, Myroo products are being sold online, in numerous independent stores and national retailers such as Anthropologie as well as being showcased in John Lewis.
Finding funding with Myroo
Myroo soon faced the common issue of needing to find money to accelerate their growth. Phil and his wife had plans to research and develop a wider product range and improve the company’s brand and marketing. They would need approximately £25k to achieve their goals.
Phil got in touch with York & North Yorkshire Growth Hub. Before accessing our support, Phil had this to say about the lack of clarity for funding: “As a small business owner the route to funding can seem like a maze. There’s so many different organisations and it can be unclear where to go to first. York & North Yorkshire Growth Hub have really helped by acting as a first point of contact and providing guidance that is accurate and relevant.”
We introduced Phil to the team at Business Enterprise Fund (BEF), who offer a range of loans from £500 up to £150k. They are also responsible for the Start-up Loan Company, which proved the best vehicle to make Myroo’s growth plans possible. Although the application was detailed and required a business plan and cashflow forecasts, the BEF team made sure the process was as swift as possible. Phil described the BEF team as “helpful and supportive – I was very pleased with the outcome”.
Building the brand
Marketing is everything for a business. If people aren’t aware your product exists, it doesn’t matter how great it actually is. Phil has devoted some of the start-up funding to develop Myroo’s social media activity by hiring an expert to work on a freelance basis.
They’re also in talks with some brand development agencies and have a lot more planned for the future to expand their line with 5 new products over the next 12 months.
This isn’t the end of the support either. As a manufacturer, Myroo is in a strong position to access further funding. Phil is now in talks with the Manufacturing Growth Programme, which offers a 35% grant to cover the cost of consultancy fees. Before the support of the Start-up Loan, Phil may not have been able to afford this programme, as it needs to be match-funded and the grant payment will be claimed back at the end of the project. The Start-up Loan Company has enabled Myroo to leverage further support.
“As a small business owner the route to funding can seem like a maze. There’s so many different organisations and it can be unclear where to go to first. York & North Yorkshire Growth Hub have really helped by acting as a first point of contact and providing guidance that is accurate and relevant.”
Phil Dunseath, Myroo
Choc Affair Ltd., a beloved York-based chocolate manufacturer known for its ethical and award-winning creations, has achieved a significant in capacity to produce their handmade delights.
In the heart of the Yorkshire Dales National Park, Tom Addison, maker, and designer at Tom Addison Fine Furniture, is celebrating significant growth and success with vital support from the York & North Yorkshire Growth Hub.
A North Yorkshire business owner is boosting her brand thanks to digital skills training.
DJ Assembly, a thriving independent business, has secured a maximum grant of £20,000 from the Made Smarter programme. This funding will enable the company to acquire a Detech machine, a significant upgrade that will boost efficiency, productivity, and product quality.
Trimble Group CEO Toby Trimble has hailed ‘game-changing’ Richmondshire business support, which is helping them flourish.
Tadweld, a long-established welding and fabrication company based in Tadcaster, North Yorkshire, is pleased to announce the support it has received through the Made Smarter programme, including a £20k grant aimed at enhancing digital capabilities and fostering innovation within businesses.
Harrogate Brewing Company, a family-owned business with a decade-long legacy, is celebrating a ‘six-fold increase’ in turnover with comprehensive support provided by the York & North Yorkshire Growth Hub.
Period Mouldings Limited has been awarded £20,000 from the Made Smarter programme to revolutionise its production capabilities through digital innovation.
In a notable testament to the power of local business support, Trimble Group has witnessed a significant growth trajectory,
A GRANT of almost £10,000 is helping a Scarborough tech company boost services and production buy investing in new equipment.
A PRECISION engineering firm near Filey is adding an advanced robot to its workforce after winning funding to upgrade its production process with the latest technology.