“We were looking to push out a product we could sell in shops. To order a knife before you had to order directly from us. I wanted to get the brand out there more”.Edmonds found himself at a tricky growth stage that so many startup founders find themselves at, where they have outgrown their micro-business format, but need assistance to scale up. “Up to this point, I had grown my business organically. But we were looking to create a hybrid product with a Sheffield based steel producer and launch it in independent cookery shops and outlets. There was a chunk of money that was needed for development”, says Edmonds.
Applying for a GrantWhile Edmonds and his team were looking out for that cash injection, they still had a business to run and were short on time when it came to applying for grants, and that’s where the FedEx Small Business Grant UK stood out… “With many grants, you have to fit into the exact category for that particular year. But the FedEx Small Business Grant UK was easy to enter. The points that needed answering were clearly bullet-pointed, and there wasn’t tonnes of paperwork”, says Edmonds. Blok Knives was lucky enough to go on and win the £20,000 FedEx Small Business Grant UK in 2017, which helped grow the brand and enabled the team to explore international possibilities.
A winning combination of cultural identity, stellar craftsmanship and accessible pricingToday, Blok Knives is going strong, with turnover growing by an impressive 33.3% compared to last year. Part of their success is in their ability to offer consumers products that appeal to both ends of the market, from high-end offerings, to more accessibly priced items. The latter of which, was facilitated by their collaboration with the Sheffield steel manufacturer, that in turn was made possible through the grant money.
“This collaboration means we’re able to scale down the knife product in price, meaning it’s more accessible to customers and able to be sold in shops.”“Before, we couldn’t deal with the volume of demand. But the FedEx cash injection has allowed us to scale up,” says Edmonds.
Winning the 2017 FedEx Small Business GrantEdmonds found out about the grant from his FedEx representative, a man he affectionally calls ‘FedEx Pete’. This connection came about because Blok Knives had been using the FedEx transportation services to deliver their knives to customers when they were starting out. “He thought we would be a great fit for the grant. He knew we were after global expansion, and he said that FedEx wanted to help a business that held similar goals”, says Edmonds.
“Without winning that investment money we would have been stuck where we were”.Edmonds and his team wanted to retain the “handmade culture” value of their product even when scaling up, and they made this point clear in their application. “We put together a pitch video to show the judges how we make the knives. While they wanted statistics, they also wanted to see how we brought the tone and feel of our business across”, says Edmonds.
What did Blok Knives do with the money?Edmonds stayed true to his word and used the £20,000 FedEx Small Business Grant UK to upscale his business, undertake that collaboration with the Sheffield manufacturer, and produce more accessible knife products for sale in stores across the UK and further afield.
“It’s jumped us up from that artisan category to where we’re at now. We’re better known in the industry and are able to work with the big guys”.Now a nationally recognised knife brand, Blok Knives has been able to retain its ‘handmade’ northern identity and sense of craftsmanship through the cash injection they received, as it allowed them to choose the manufacturer they wanted. “FedEx was about investing in somebody, and investing in a business”, says Edmonds as our conversation draws to a close. Well, they certainly did that! To enter the FedEx Small Business Grant UK 2018, please click here. Entries close on 28 November 2018.
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