Success Story
Durham-based menswear brand, Charles Grey Menswear Limited, secured a five-figure investment from NPIF II – NEL Smaller Loans, which is managed by NEL Fund Managers as part of the Northern Powerhouse Investment Fund II (NPIF II), to accelerate its fast-paced growth across the UK retail landscape.
| Region/Nation | North East |
|---|---|
| Sector | Consumer Goods & Services |
| Programme | Northern Powerhouse Investment Fund II |
| Partner |
Founded in 2023, Charles Grey Menswear has already surpassed its initial growth projections, establishing a presence in 70 retail stores nationwide, nearly three times its early expectations.
The company specialises in high-end British formalwear including tailored clothing and footwear for gentlemen. Drawing inspiration from its namesake, North East-born statesman and former British Prime Minister, Charles Grey, the brand is recognised for its sophistication and quality craftsmanship.
NEL provided a bespoke investment structure to match the needs of the business and its growth trajectory. The funding will support a substantial new stock order to meet growing demand from its expanding retail network, ensuring continued excellence in service and availability for its retail partners.
Stephen Dial, Founder and Director of Charles Grey Menswear, said:
NEL has delivered a thorough and efficient process that has effectively supported our business growth and overall journey as a company. Although we are only 18 months into our journey, growth has exceeded our expectations - we initially hoped to reach 25 stores by this point but are proud to now be stocked in 70 stores across the UK.
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