en.Wedoany.com Reported - British family-owned company Westmorland Farmshop & Co (which operates the Tebay Services and Gloucester Services service areas) has secured an eight-figure pound financing facility from HSBC UK to support the development of the new Tatton Services service area on the M56 motorway in Cheshire.
This funding will be used for the construction of a £65 million total investment project. The service area is located between junctions 7 and 8 near Millington and Rostherne and is expected to open in spring 2028. Construction has now commenced, with the development phase projected to create 558 jobs and 325 permanent positions upon operation. The service area is expected to attract 4 million customers annually, with an annual turnover of £36 million.
The project plans to collaborate with approximately 130 local suppliers and contribute at least £100,000 annually to community projects. This is a partnership between Westmorland and Tatton Estate on an 80/20 basis, aiming for long-term investment in local food, the economy, and the population.
Neil Austin, Chief Financial Officer of Westmorland, stated that securing this financing is a significant milestone in the development of Tatton Services and demonstrates confidence in the company's long-term vision for sustainable growth. HSBC UK's investment enables the company to realize this landmark project, providing services to motorway users while creating meaningful opportunities for local residents and suppliers in Cheshire.
Stuart McLaren, Relationship Manager at HSBC UK, added that Westmorland has an excellent track record in creating distinctive service destinations, underpinned by a clear commitment to quality and regional influence. The company's strong social values align closely with HSBC's ambition to help communities thrive. This investment is expected to generate substantial employment opportunities and lasting economic benefits for the region, while maintaining the high standards and customer experience for which Westmorland is renowned.
