New funding to boost innovative seaweed business

22 Oct 2021 01:23 PM

Funding of £600,000 further supports the sustainable development of Scotland’s Blue Economy.

Scottish Government funding of over £600,000 is set to trigger the expansion of an innovative seaweed company.

Mara Seaweed will use the funding to increase its processing facility and explore new markets.

Seaweed is considered a sustainable high-nutrition food source with a host of health benefits and they also have a positive impact on the atmosphere, taking up significant quantities of carbon dioxide every year.

The funding is being awarded through the £14 million Marine Fund Scotland and will allow Edinburgh-based Mara to expand its seaweed processing facility in Fife and increase its footprint in the global market place.

International demand for high-quality seaweed for use as a food source and health supplement is increasing and the funding will help Mara achieve its growth targets.

Announcing the funding, Rural Affairs Secretary, Mairi Gougeon recently said:

“This funding will support Mara Seaweed in furthering their commitment of creating more innovative and exciting products.

“I am delighted these sustainably-sourced quality products are attracting the attention of consumers in the national and international market.

“Our support to the marine sector remains a priority and we are currently seeking a multi-year increase for the lost EU funding.”