Househam Sprayers Limited (Househam) has secured a £450,000 funding package from MEIF Maven Debt Finance East and South East Midlands via the Recovery Loan Scheme.
The Fund is part of Midlands Engine Investment Fund (MEIF) and is managed by Maven Capital Partners (Maven).
The business is planning to use the funding to increase stock levels to fulfil their improving order book for 2022.
Founded in 1970, and based in Woodhall Spa, Lincolnshire, Househam has over 40 years of experience within the agricultural technology and manufacturing sector.
The business specialises in the production and engineering of a range of self-propelled crop spraying machines. Its machinery is renowned for featuring some of the most innovative and up-to-date technology within its product range.
The funding will provide Househam with working capital, enabling it to purchase additional stock to fulfil its growing order book for 2022.
