PALLITE®, has received funding from the Midlands Engine Investment Fund provided by The FSE Group Debt Finance Fund and backed by the British Business Bank Coronavirus Business Interruption Loan Scheme.
The significant funding will help to create new jobs in the next year, with the ability to offer apprenticeships to the under-25s. The investment will also allow the PALLITE® to expand its product offering with the creation of a new furniture range – following on from its pop-up desk success. The business is also looking at entering new markets in the high-value fashion and fragile goods sectors, as well as expanding into Europe and North America. PALLITE® is an international designer and manufacturer of paper honeycomb board products made from over 80% recycled materials.