A Sheffield model train retailer has secured a seven-figure funding package to build a new base with offices and warehousing.
Rails of Sheffield, which is more than 50 years old, is said to be one of the largest suppliers of new and second-hand model railway stock in the UK and has experienced growth in recent years.
Now the supplier will buy land on which it plans to build a 12,000 sqft unit within the next six months that will create up to 20 jobs, with funding support from HSBC UK.
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The firm says jobs will be created across its retail, international trade, sales and administrative functions
Adam Davies, operations director at Rails of Sheffield, said: “HSBC UK funding has facilitated the development of our new facility, which is a bespoke building, purpose built for our unique business needs. With so much usable space over two floors, this development will allow us to continue growing as one of Europe’s largest model railway retailers. We can’t wait to move in over the coming months.”
Charlotte Faulkner, relationship manager for South Yorkshire at HSBC UK, added: “It’s fantastic to see a local family business expand and do so well throughout the UK and Europe. Following a long period of continued growth at Rails of Sheffield, this expansion will facilitate future growth of the business, with more room to support increased sales, and a rise in employees.”
Rails, which runs a shop on the city's Chesterfield Road, was launched in 1970 by Hedley Barber from the back of a grocery shop. Since then it has grown to employ 30 people with Hedley's son and grandchildren now running the business.
