.The 135-year old business operates a network of 172 bakery shops and cafes across the north, with more than two thirds of those that support residential communities remaining open during the national lockdown.
To ensure local residents can receive food items – including essential items not typically stocked by Cooplands – the business is now distributing food packages to customers within 10 to 15 miles of its three main production sites in Durham, Hull and Scarborough.
The business has been able to pivot its operations to better serve community need with the full support of Lloyds Bank after it secured a flexible funding facility from the lender. The business has also increased bread production at its three main production facilities to meet demand.
Belinda Youngs, chief executive at Cooplands, said: “We have a long history as a community-focused business, bringing local produce and baked goods to families across Yorkshire, Lincolnshire and the North East.
"Our ambition is to quite literally put bread and other staples on the table during these challenging times and it’s only possible for us to react to changing market conditions as quickly as we have with confidence in the support of our bank.
“The team at Lloyds Bank has been exceptionally fleet-footed in putting the conditions in place for our cashflow to remain in good health. In addition, while we have regrettably had to furlough some employees associated with our cafes, mobile food vans and city centre shops that don’t serve residential communities, the new funding will ultimately preserve those jobs in the long-term.”
Hannah Douglass, relationship director at Lloyds Bank, said: “We remain committed to being by the side of businesses, especially during this challenging and unprecedented period. As such, we’re working closely with government to provide the short and long-term funding needed by businesses both large and small. This includes setting aside £2 billion of arrangement fee-free finance to help firms affected by COVID-19.”
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper.
Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.
With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper.