The Cumberland Backs Scotland's £15bn Food & Drink Industry in 175th Anniversary Push
The Cumberland Building Society, marking its 175th anniversary, has joined forces with Scotland Food & Drink to bolster support for the country's thriving food and drink industry. Valued at £15 billion and employing over 200,000 people, this sector has seen a remarkable 200% increase in exports over the last decade.
The Cumberland, known for its specialist commercial lending and savings products, aims to help businesses navigate challenges such as rising outgoings, supply chain issues, staffing shortages, and sustainability efforts through its Kinder Banking approach. The society provides a range of services including mortgages, current accounts, and business savings accounts, tailored to the unique needs of food and drink sector businesses.
Scott McKerracher, head of commercial at The Cumberland, expressed excitement about joining Scotland Food & Drink, stating, 'We're thrilled to support more businesses in the sector.' Ian Baxter, chief executive of Scotland Food & Drink, welcomed The Cumberland's membership, highlighting the additional support and expertise it brings to businesses. The society has already supported local businesses like Monachyle Mhor and Garside Butchers with investments and relocations.
With its 175th anniversary celebrations underway, The Cumberland, through its relationship-focused service and understanding of local business challenges, is well-positioned to provide the support Scotland's food and drink industry needs to continue its remarkable growth and success.
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