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04/03/2014

Pheasant shoot spreads its wings thanks to micro loan from Finance Wales

A £15,000 micro loan from Finance Wales is helping a family run Mid Wales start-up specialising in pheasant shoots get off the ground.

Experienced head gamekeeper James Worthington and his wife Victoria moved from North Wales to the Machynlleth area to start their own pheasant shoot.
 
Having invested their own capital to set up Bryn Melyn Shoot, the husband and wife team required additional finance to purchase and care for bird stock.

The couple’s bank, Natwest introduced them to Gaynor Morris of Finance Wales.
 
“Having spent many years running shoots and farming game in North Wales I was very excited about the opportunity to take on a shoot in Mid Wales. There is a big following for it here in the local community.”
 
“Acquiring and caring for the game you need to set up this type of business is a big commitment so we were delighted Finance Wales was able to provide us with a loan as it meant we could start to take bookings.”

Bryn Melyn Shoot targets the corporate market and provides shoots for small groups.

Investment Executive, Gaynor Morris who specialises in micro loans at Finance Wales said: “James is an experienced and qualified game keeper who is passionate about shooting. Bryn Melyn provides an excellent shoot in a prime location. Added to this, James has a robust business plan and professional approach which meant we were pleased to provide the finance he needed.”

Finance Wales made the loan from the Wales Micro-business Loan Fund.

Micro loans from Finance Wales can help with a range of investment needs, including start-up costs, capital expenditure and stock purchases. Businesses often use them to unlock much-needed additional investment. Finance Wales has a streamlined application process which ensures it can be responsive to businesses’ needs.