UK-based Budge Brands Ltd, the brand owner of Premier Estates Wine, House of Premier Vodka and World Traveller Wines, is set to open a new distribution centre, following an investment of £1m from Santander Corporate & Commercial.

Located in Birmingham, the 73,000ft2 distribution centre is being opened to meet the increase in demand from the company’s clients, which include Booker, Costcutter, Landmark, Blakemore, P&H, NISA, Home Bargains, B&M Stores and Marstons Plc.

Budge Brands Ltd managing director Budge Dhariwal said: "The demand for Premier Estates Wine has increased enormously over the past 18 months and we have purchased these new premises in Birmingham to ensure that we can cater for demand moving forward for all our brands and products.

"The support from Santander Corporate & Commercial has been nothing short of exceptional, and I look forward to working with the team at the bank to help take this business to even greater heights of success."

Established in 2005, Budge Brands saw a 7% increase in turnover and a 67% growth in net profit in fiscal 2014.

Santander Corporate & Commercial relationship director Andrew Bullock said: "The team at Budge Brands has worked hard to develop a market-leading proposition and I’m delighted that Santander Corporate & Commercial has been able to play a part in that success.

"The firm has benefitted from a range of our services, such as the Breakthrough networking event and trade missions, and I’m sure will continue to grow both in the UK and, excitingly, abroad."

The brand rolled out its first UK advertising campaign earlier this year and it expects a significant increase in turnover for the next financial year.