The Used Kitchen Exchange has been awarded a £120,000 government grant, in order to support its expansion and further develop sustainable business practices.
The company – which sells premium pre-owned used and ex-display kitchens – is looking to boost annual sales from £4million to £50 million by 2025, and will use the funding to create 180 jobs over the next 5 years.
The funding was awarded to the Widnes based kitchen brand in partnership with Liverpool John Moores University, and they will work in partnership to drive business growth and support the low carbon transition.
As part of the collaboration, the Used Kitchen Exchange will work with Claire Hannibal, Professor of Operations Management at Liverpool Business School, to develop a strategy for the business to capitalise on the boom in new home furnishing markets while also creating best practice for sustainable business growth.
Helen Lord, founder of Used Kitchen Exchange, said: ‘We’re thrilled to have been selected for the mKTP grant and equally delighted at the prospect of partnering with one of our local universities to reach our ambitious expansion goals.
‘Through growth in awareness and business expansion, we are going to normalise the sale and purchase of pre-owned kitchens. It’s a major opportunity because only 3% of kitchens are currently re-purposed. The benefits are enormous – it will bring cost effective kitchens to the marketplace, while driving massive environmental savings. It’s a win-win for everyone. Let’s change the way we think about kitchens.’
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David Bryde, director of Research and Knowledge at LJMU Business School, said: ‘In Liverpool Business School we very much see the Management KTP (mKTP) as an important vehicle for us to deliver on our mission to drive economic growth in partnership with business and industry. Through this particular mKTP we are delighted to be working in partnership with Used Kitchen Exchange(UKE), a highly successful and innovative SME in the City Region. The two way nature of the mKTP enables our team of academics to not only help UKE in the next stage of their transformational journey, as they seek to grow their business and diversify into new markets, but also to gain invaluable practical insights that will inform their teaching and research.’