Skip to main content
15th January 2015



One of London’s most distinctive craft breweries is doubling beer production and further expanding overseas with a £6 million funding package from HSBC.

Greenwich-based Meantime, which manufactures the popular Meantime Pale and Yakima Red, will use the £6 million funding package to increase beer production from 90,000 hectolitres annually to 175,000 hectolitres – or 37 million pints – to satisfy higher demand. This funding package includes invoice financing and equipment finance, which have allowed Meantime to import brewing equipment from continental Europe without impacting cash flow.

The funding package also includes a £1.4 million loan and £1 million in trade financing, which will help Meantime to increase distribution of its beer abroad. Currently sold largely in supermarkets and pubs in the London area, the company is monthly selling into new pubs and restaurants across the UK, and increasing exports abroad, such as to the US.

Meantime began its business banking relationship with HSBC in February 2014 as exports of its beers to international markets were starting to become a key feature for growth. They felt that HSBC, rather than their previous bank, could provide better services as they increased exports. In fact, CEO Nick Miller attended an HSBC trade mission to Istanbul earlier this year, where he met new potential distributors.

HSBC Senior Executive Director, Commercial and Private Banking, Carol Bagnald added: “Meantime is bringing the art of brewing back to London and is experiencing phenomenal growth. Nick and his team are all passionate about producing a top-quality product, but also engaging people in the brewing process through its tours. This investment will help take the business to the next stage and I’m pleased HSBC has been able to support this expansion.”  

Meantime Brewing’s CEO Nick Miller said: “Craft brewers such as Meantime are giving the UK drinks industry a shot in the arm by bringing taste, quality and innovation back to the industry. We have been experiencing strong demand for both our beers and our tours, but we aren’t just chasing growth for growth’s sake. We want to make sure our drinks are in the pubs and stores which share the same values of our brand and 120-person strong staff.

“As a business, it’s meant a lot to us that a global brand as well-known as HSBC got behind us and believes in what we’re doing – which is making top-quality beers with all the considerations of the world’s best wines. Being involved in HSBC’s Global Connections competition this year, coming in third place nationally, and first regionally, has also been very rewarding; we were able to meet with other brilliant UK businesses involved in the competition and exchange our experiences expanding our business and exporting abroad.”


For further information please contact:
Sarah D. Marquer
Direct: 020 7992 0905
Twitter: @HSBCUKBusiness


For the latest updates, visit the UK Business Press Office social media newsroom:

Notes to Editors:

The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,200 offices in over 74 countries and territories in Asia, Europe, North and Latin America, and the Middle East and North Africa. With assets of US$2,729bn at 30 September 2014, HSBC is one of the world’s largest banking and financial services organisations.

HSBC Commercial Banking
For nearly 150 years we have been where the growth is, connecting customers to opportunities. Today, HSBC Commercial Banking serves businesses ranging from small enterprises to large multinationals in over 60 developed and faster-growing markets around the world. Whether it is working capital, trade finance or payments and cash management solutions, we provide the tools and expertise that businesses need to thrive. With a network covering three quarters of global commerce, we make HSBC the world’s leading international trade and business bank.
For more information see

Kind Regards

Media Relations Manager | Commercial Banking UK/Europe | HSBC Bank Plc
8 Canada Square,Canary Wharf,London,E14 5HQ,United Kingdom


Phone Int: +44(0)2079930905 Ext: +44(0)2079920905
Mobile +44(0)7796703342

Protect our environment – please only print this if you have to!

HSBC Bank plc
Registered Office: 8 Canada Square, London E14 5HQ
Registered in England – Number 14259
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority



This E-mail is confidential.

It may also be legally privileged. If you are not the addressee you may not copy,
forward, disclose or use any part of it. If you have received this message in error,
please delete it and all copies from your system and notify the sender immediately by
return E-mail.

Internet communications cannot be guaranteed to be timely secure, error or virus-free.
The sender does not accept liability for any errors or omissions.