Muffin machinery manufacturer Sugden is expanding into new premises with the help of a £600,000 loan from Lancashire Rosebud Finance.

Sugden, which creates English muffin-making machines for export markets around the world, will move from its current factory in Barrowford, Lancashire, to a purpose-built 35,000 sq ft unit at the nearby Pendle Court development alongside the M65. The move is expected to create 10 new jobs.

Sugden was acquired by Chris Baldwin of Baldwin Technical Services in 2014 with the help of a Rosebud Loan, following the death of its co-founder. The group now employs more than 60 staff at the Sugden factory and at Baldwin’s site in Heywood.

The new premises will provide additional space for Sugden and will act as group headquarters.

“Without the financial help from Rosebud, the move to the new site for Sugden would be delayed by at least two years, which would have compromised further orders that are in the pipeline from all over the world,” said Chris Baldwin, managing director at Sugden.

“We need the space and flexibility that the new site will bring to our company. We would like to thank Rosebud and RBS for their continuing support.”