A SHETLAND mussel growing business is poised to double its output after securing a multi-million pound funding package.
Family-owned Shetland Mussels said the funds will allow it to invest in specialised production equipment, which will help it hike production to more than 2,400 tonnes per year.
And the firm, which grows mussels on ropes in waters around the Shetland Islands, said the support from the Clydesdale Bank will also allow it to modestly increase its headcount, from 17 to 20, by 2020.
Shetland Mussels sells to restaurants, wholesalers and retailers via the Scottish Shellfish Marketing Group.
Owner and director Richard Tait said the funding comes amid “good demand” for his company’s mussels, which he said meet consumers’ needs for healthier and environmentally-cultivated foods. Its mussels are grown on ropes hung in the sea, which he noted are “grit free” and produce a better meat yield than dredged mussels.
Mr Tait, who has banked with the Clydesdale since January, said: “Upon consulting with Clydesdale Bank, we immediately found that they understood our business model and growth aspirations. The support and commitment that the Bank has provided will enable Shetland Mussels Ltd to fully action its development plan by 2020.”
Clydesdale Bank’s Graeme Johnston said: “Richard and his team have shown great passion and determination to build this fantastic success story.”
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