Lottery Loan For Rapanui

Mon 28 Jun 2010

Eco clothing company Rapanui has got exciting plans for expansion which are now a step closer, thanks to an interest free loan from the Isle of Wight Lottery.

Launched two years ago by brothers Martin and Rob Drake-Knight, Rapanui has grown steadily and now supplies organic clothing produced using renewable energy to 28 countries.

Working from a unit at Lane End Road, Bembridge, Rapanui targets 18 to 35 year olds, and none of the staff on the company payroll are over the age of 25.

The Lottery loan is being used towards the costs of recruiting a new member of staff, and developing and distributing a printed catalogue to enhance its market presence.

Rob said the Lottery had been a lifeline, especially because the usual funding sources were difficult to access for a young company with a short track record.

“We needed capital to fund our growth, and the Lottery was our best hope,” he said. “We found the process of applying useful, too, because it helped to clarify our thinking. Now it’s all systems go for us.”

Rapanui is also launching a new bespoke clothing service which is being offered to businesses, branding and events, and will soon also be launching a range of footwear.



For more information about the Lottery, go to isleofwightlottery.com

For more information about Rapanui, go to rapanuiclothing.com