Highlands and Islands Enterprise funding boost for £500,000 Stag Bakeries expansion
Stag Bakeries will invest £500,000 in an expansion project that will see it extend its premises on the Isle of Lewis, add new machinery and create new jobs
The Stornoway-based business, which has recently gained attention for its range of seaweed bsicuits, will receive £116,700 on funding support from Highlands and Islands Enterprise (HIE).
The new development, spurred by the bakery’s rapid sale growth, will see the current 41-strong workforce boosted by 30% over the next three years.
As well as supplying sweet and savoury biscuits throughout the UK, Stag has also begun exporting its products in the last 12 months. The 11 countries it currently sells to include Canada, Belgium and Portugal, as well as Russia and China.
“Ambitious businesses such as Stag Bakeries are making a real difference to achieving growth aspirations, and are very important to the island’s economy, said HIE’s area manager Rachel Mackenzie. “Stag Bakeries has recognised the export opportunities open to them and has acted on this to grow and expand the business.”
Stag Bakeries owner Charles Macdonald said that HIE’s assistance had been “invaluable” expanding his business.
“We look forward to the next few years as we continue to grow,” he said. “A key component in this growth will be innovation in new products which is critical in markets that crave new ideas. We have an ongoing programme of product development which is important to growing a brand and keeping consumers interested.”