The refinancing deal offers greater financial flexibility, enabling the business to scale up production and invest in ongoing innovation.

Russell Roof Tiles, a major manufacturer of concrete roof tiles and accessories headquartered in Burton-on-Trent, has secured an eight-figure funding package from HSBC UK to power its next phase of growth.  

The refinancing deal offers greater financial flexibility, enabling the business to scale up production and invest in ongoing innovation. The funding also positions the company to take advantage of strong growth in the housing and construction sectors. 

A key focus of the investment is accelerating the rollout of Bute3® Russell Roof Tiles’ innovative new product that reimagines tiles by combining three traditional plain tiles into a single, efficient format. 

The new product, which is fully compliant with quality standards and current regulations, is now in full production at the manufacturer’s new £18.5 million fully automated line in Burton on Trent. 

Andrew Hayward, Managing Director, at Russell Roof Tiles, said: “Transitioning our banking relationship to HSBC UK has given us the momentum to fast-track the rollout of Bute3®, our most advanced product yet. By blending the classic look of plain tiles with a modern, high-efficiency format, Bute3® sets a new benchmark for the industry. HSBC UK’s support is helping us scale delivery, reach more customers, and continue investing in innovation and the future of British manufacturing.”  

Dave Ramsden, Head of East Midlands Corporate, at HSBC UK, added: “This funding will help accelerate the rollout of innovative products and strengthen the company’s position in a competitive market. Working with Russell Roof Tiles underscores HSBC UK’s commitment to offering bespoke funding solutions that help businesses grow and innovate. We’re looking forward to seeing the business continue to thrive.”