News

New funding to boost innovative seaweed business

Published: 22 Oct 2021 10:42

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 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.