View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 2, 2020

Shore The Scottish Seaweed Co. attracts funds to support expansion beyond snacks

A seaweed snacks start-up in Scotland has secured an investment package as it branches out into sauces.

By Dean Best

Shore the Scottish Seaweed Company has launched a plant-based range of pesto and tapenade after receiving GBP1.7m (US$2.1m) in investment.

Based in the Scottish town of Wick in Caithness, Shore is owned by private company New Wave Foods Ltd. located in Inverness, and manufactures seaweed products such as crisps and snack clusters made up of puffed rice and sesame seeds.

Founded in 2016, Shore has attracted equity investment from the Scottish Investment Bank (SIB) and “several” private investors, according to a statement from Highlands and Islands Enterprise (HIE), the Scottish government’s economic and community development agency, which provided a grant to the company as part of the financial package.

The seaweed firm’s new range of pesto and tapenade has been rolled out under the Sea Kitchen brand. Shore’s crisps and clusters are stocked in Morrisons and Whole Foods Market, but HIE did not disclose the retailers for the new launch.

just-food has contacted the company for more details.

Keith Paterson, a joint-managing director at Shore, said in the statement: “Securing this package with support from HIE and SIB is a major milestone for the company and will help propel our business to new heights.

“Our success is based on creating tasty plant-based seaweed snacks and foods that appeal to the growing number of mainstream health-conscious consumers who are increasingly seeking sustainably sourced foods.” 

The HIE’s David Oxley, director of business growth, added: “Shore has the skills and experience to develop this new industry. We are delighted to be able to support the firm with this exciting venture, which is creating valuable jobs in some of our most rural communities.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food