Sustainable clothing manufacturer’s expansion will grow capacity tenfold, thanks to six-figure funding package

 Read time: 5 mins      Added: Date: 15-02-2019

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A sustainable t-shirt manufacturer has bought a 15,000 sq. ft site to expand its operations on the Isle of Wight, with support from Lloyds Bank’s Clean Growth Finance Initiative.

 

Teemill Tech makes custom organic cotton t-shirts in its renewable energy-powered factory. Customers can build their own brand and sell personalised tops via an online platform.

The expansion of the factory will increase its capacity tenfold, enabling it to make a t-shirt every second, creating 100 new jobs over the next three years, bringing its workforce to 175.

A pioneering approach

Teemill’s pioneering approach uses robotics and AI to modernise the t-shirt manufacturing process, creating efficiencies that make sustainability affordable.

The business has grown exponentially, doubling its customer base year-on-year since its launch in 2010, and to meet increased demand, it secured a six-figure loan from Lloyds Bank to purchase the land adjacent to its current base.

The project includes building a modern campus and expanding the existing solar farm that powers Teemill’s machinery.

“Lloyds Bank has supported our sustainability strategy and provided the funding we need to invest in solar energy and grow our business.”

Rob Drake-Knight, co-founder, Teemill Tech 

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“Lloyds Bank has supported our sustainability strategy and provided the funding we need to invest in solar energy and grow our business.”

Rob Drake-Knight, co-founder, Teemill Tech

Rob Drake-Knight, co-founder of Teemill Tech, said: “Teemill technology enables people to participate in the fashion economy who want to be part of the solution, not part of the problem.

“We expect to see the sustainable fashion trend continue as people continue to make more mindful day-to-day decisions, and as technology and access improves.

“The new space will mean we can meet increased demand, as well as create employment opportunities for local people.”

“Teemill Tech is an ambitious firm, which operates with sustainability at its core.”

Ben Mackett, relationship manager, Lloyds Bank  

Creating employment opportunities

Ben Mackett added: “The rapid growth of Teemill’s customer base speaks for itself, with customers across the UK valuing the quality of its products.

“Our pledge to lend up to £3.6 billion to businesses in the South East in 2019 enables us to be by the side of sustainable firms as they take steps to achieve growth. Last year, we also launched the £2billion Clean Growth Finance Initiative to support companies proactively seeking to reduce their carbon footprint.”

Teemill has developed a plastic-free circular supply chain where every product is designed to be returned and exchanged for store credit when it is worn out, and where new products are made from recovered material.

All lending is subject to status.

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