Gresham House Ventures, a growth equity investor specialising in digitally-driven businesses in the consumer, healthcare, and service sectors, has made a £1.2 million follow-on investment in plant-based ice cream business NORTHERN BL°C.
Made on behalf of the Mobeus VCTs, the investment will enable NORTHERN BL°C to relocate to a new, larger site in its home city of Leeds, supporting its aim to become the UK’s number one plant-based ice cream brand with the business having almost tripled its sales in the last three years.
NORTHERN BL°C will commence its move into the former Bagel Nash production site on North Street in Leeds on 19th July. First, it will convert the existing facilities into a purpose-built ice creamery and – by the end of the summer – fully relocate its expanded production facility and office-based sales and marketing team. Production will begin immediately. The site will eventually be home to a factory shop and will host street party-style events.
The Gresham House Ventures team previously invested in NORTHERN BL°C in January 2021, which enabled the business to expand its team and production capacity.
