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Loan to help pottery factory move

25 November 09 18:31 GMT

One of Stoke-on-Trent's leading ceramics companies will be able to move to its new £6.7m factory after securing loans.

Wade Ceramics, which makes porcelain vessels for the drinks industry, had feared the move could be prevented after it was hit by the recession.

It has now received a total of £535,000 in loans from Stoke-on-Trent City Council and two other bodies.

The company will move from its old factory in Burslem to Etruria.

Finance for the factory move was hit earlier this year when land values fell because of the recession, creating a lower level of security for the bank to lend against.

That meant the company could not raise enough money to complete the move.

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