King’s Nurseries, used the HSBC funding to buy a six-acre site in Garthmyl, Montgomeryshire.
The funding has also been used to construct 65,000 sq ft of greenhouses set over three acres, as well as a streamlined modern till system in the retail area for the public to buy plants.
Four new jobs have been created in the local area as a result of the dea: one full-time role and three part-time seasonal roles.
The new retail plant centre officially opened on 1 April and will house thousands of plants including surfinia hanging baskets, geraniums and begonias.
Claire King, co-owner of King's Nurseries with husband Marcus for almost 20 years said:
"Expanding the small nursery we own near our home has been a dream of ours for many years. Thanks to the HSBC funding, we’ve been able to achieve this with the launch of our new retail site on Saturday.
"Making a measurable difference in the local community is a shared passion of ours and HSBC’s and it was a joy to see our customers’ reactions to the new facilities."
Martin Lyons, HSBC area director for North Wales, said:
"King’s Nurseries has been an HSBC customer since it was established in 1997 so we have a thorough understanding of the company’s evolving finance requirements. It’s been brilliant to watch them ‘grow’ as a business and respond to increased demand for their products. This latest round of funding will help them fulfil their ambitious development plans and expand their customer base."
King’s Nurseries is a specialist producer of bedding and basket plants, perennials, trees and shrubs and supplies to pubs, hotels, local authorities, garden centres, flower shops and market traders in Wales and the Midlands.