UK-primarily based magnificence model Faith in Nature has acquired a £2.5 million mortgage from Cynergy Bank to construct a bigger manufacturing facility. The firm utilized for the mortgage after outgrowing its current website as a consequence of a rise in demand.
The new website will likely be constructed close to Faith in Nature’s current facility in Radcliffe, Manchester, permitting the corporate to maintain its current staff whereas taking over new workers and growing gross sales.
Expansion
Faith in Nature produces vegan soaps, haircare, and skincare merchandise made with pure and natural substances. The model, which began out in a cottage kitchen in 1974, expects a turnover of £20 million by the tip of the subsequent monetary 12 months.
Faith in Nature merchandise can be found at main UK chains Boots and Holland & Barrett, in addition to a number of smaller retailers. They are additionally offered in over 40 international locations worldwide.
“We have been working with Cynergy Bank for a number of years and have found them understanding and collaborative during our challenging journey,” mentioned Faith in Nature managing director John Allaway. “It’s good to work with a bank with the same entrepreneurial mindset and with people who put in the extra effort to support the business at the critical pinch points. It feels like we are working in partnership with them.”
Cruelty-free magnificence in the UK
A research final 12 months revealed an uplift in searches for vegan and cruelty-free magnificence in the UK, displaying that customers are “ready to extend their plant-based and vegan journey from their plates to other aspects of their lives”.

While testing cosmetics on animals has been banned in the UK since 1998, cruelty-free labelling remains to be necessary as some manufacturers conduct animal testing in different international locations. Additionally, the UK authorities angered campaigners final 12 months by warning that it could reinstate the requirement to check some substances on animals. This would make the provision of licensed cruelty-free manufacturers much more essential.
“We are saddened and angered that the UK government is prepared to change a policy that could result in cosmetic ingredients being tested on animals for the first time in 23 years,” mentioned a spokesperson for The Body Shop on the time. “We urge the government to consider its position and make the right decision.”