Sugar and sweetener producer Tate & Lyle PLC today (Monday) announced an investment of up to £25m (US$47.4m) over a five-year period to set up a wholly-owned venture fund, Tate & Lyle Ventures.


The new venture fund will invest in start-ups and expansion-stage companies that support Tate & Lyle’s strategic growth focus to deliver next-generation food and industrial ingredients, the company said. 


“Tate & Lyle Ventures is a natural next step for Tate & Lyle,” said Mark Robinson, group planning and business development director, Tate & Lyle. “Tate & Lyle Ventures will be an important vehicle for the Group to continue to invest in innovative products and new technologies. It will complement our internal research capability, which has an excellent track record in new product development, and allow us to stay even closer to external developments in our industry.


“We will leverage our global business knowledge and expertise, seeking to add more than money to the businesses in which we invest,” he said. “By setting up Tate & Lyle Ventures we are investing in growth, supporting innovation in high-specification ingredients and ultimately delivering more choice to our customers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.