Peach Hampers Set to Double Capacity with NPIF II Boost

Hull-based Peach Hampers, known for providing bespoke hampers to high-profile clients like Jaguar Land Rover, EE, and ITV, is poised to significantly expand its operations. This expansion comes following the receipt of a £277,000 loan from the Northern Powerhouse Investment Fund II (NPIF II), managed by Mercia Debt Finance. Founded by Brendan Pallant, Peach Hampers operates predominantly in the corporate space, catering to companies with both standard and customized hampers inclusive of vegan and gluten-free options. The funding will enable the firm to double its storage and operational capacity, facilitating a streamlined procedure that allows the packaging of up to 720 hampers per day and offers cost efficiencies through bulk purchasing. The move aligns with the company’s strategic goal to capitalize on peak periods during the year, particularly around Christmas. The 2024 festive season already saw a 20% increase in sales compared to the prior year. The infusion of funds is part of the larger £660m NPIF II initiative aimed at stimulating economic growth and supporting SME expansion across the North of England. Industry experts underscore Peach Hampers as a valuable testament to the robustness of the gifting market in the UK, bolstered by strategic investment support.